UK Domestic Stocks Rise Most This Year on Labour Election Win [BNN Bloomberg (Canada)]
Citigroup, Inc. (C)
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Source: BNN Bloomberg
The domestic-heavy FTSE 250 Index rose as much as 1.8%, the biggest intraday gain since Dec. 14, before trimming the rally. The FTSE 100 added 0.5%, with the best-performing UK sectors including property, financials, retail and defense. That helped the Stoxx Europe 600 Index advance 0.5%. With the last results to come, Keir Starmer's Labour took 411 of the 650 seats in the House of Commons, the most since Tony Blair's 1997 win. “Overall, the picture is one of stability,” said Georgina Hamilton, a portfolio manager at Polar Capital. “There's potential for a more constructive relationship with the EU, which could unlock some business investment that has lagged since Brexit,” she said. Homebuilders were a notable outperformer, with Labour having pledged policies that would see 1.5 million new houses being built. Persimmon Plc and Vistry Group Plc both jumped about 4%, leading gains on the FTSE 100. “We like midcaps, consumer stocks and homebuilders in light of these election res
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News
- Labour's £10 Billion Crisis Bill Just the First Fiscal Challenge [Yahoo! Finance Canada]Yahoo! Finance Canada
- Labour's £10 Billion Crisis Bill Just the First Fiscal Challenge [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Labour's £10 Billion Crisis Bill Just the First Fiscal Challenge [BNN Bloomberg (Canada)]BNN Bloomberg
- TD names new chief compliance officer amid laundering probes [BNN Bloomberg (Canada)]BNN Bloomberg
- UK Domestic Stocks Rise Most This Year on Labour Election Win [Yahoo! Finance]Yahoo! Finance
C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 7/8/24 - Form 424B2
- 7/8/24 - Form 424B2
- 7/8/24 - Form 424B2
- C's page on the SEC website