Housing stocks up 2.3%, with victory for Keir Starmer’s party deemed ‘a major positive’ for sector
Markets left barely stirred by Labour’s thumping election winBusiness live – latest updatesGeneral election 2024: live news
UK stocks rose and the pound edged higher on Friday morning as investors reacted to a decisive Labour victory in the general election.
After a landslide for Keir Starmer’s party that was widely expected in financial markets, the FTSE 100 rose 0.4% at the open, while the more domestic focused FTSE 250 increased by as much as 1.8% to its highest point since April 2022.
