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Dec. 13, 2019, 3:10 a.m. EST

British midcaps soar after Conservative victory

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By Steve Goldstein

Domestic-oriented, U.K. midcaps surged in early action Friday after the Conservatives secured a decisive general election victory, but top British stocks were largely left behind. The midcap FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX +1.44% jumped 4% while the large-cap FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.34% added just 0.5%, as the surge in sterling /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.0157% weighed on big U.K.-based multinationals who generate the bulk of their revenue outside of the country. Big gainers in the FTSE 250 included Travis Perkins /zigman2/quotes/200858511/delayed UK:TPK 0.00% , up 19%, and Virgin Money UK /zigman2/quotes/207233909/delayed UK:VMUK +0.67% , up 18%.

/zigman2/quotes/210598417/delayed
UK : FTSE UK
17,044.12
+241.43 +1.44%
Volume: 0.00
Sept. 25, 2020 4:58p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
5,842.67
+19.89 +0.34%
Volume: 0.00
Sept. 25, 2020 4:57p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2745
-0.0002 -0.0157%
Volume: 0.0000
Sept. 25, 2020 4:59p
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/zigman2/quotes/200858511/delayed
UK : U.K.: London
1,046.00 p
0.00 0.00%
Volume: 423,566
Sept. 25, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£2.60 billion
Rev. per Employee
N/A
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/zigman2/quotes/207233909/delayed
UK : U.K.: London
£ 71.84
+0.48 +0.67%
Volume: 2.24M
Sept. 25, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£1.03 billion
Rev. per Employee
£220,757
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