Bulletin
Investor Alert

London Markets Open in:

Market Pulse Archives

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

British midcaps soar after Conservative victory

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    FTSE 250 Index GBP (MCX)
  • X
    FTSE 100 Index (UKX)
  • X
    British Pound (GBPUSD)

or Cancel Already have a watchlist? Log In

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 +1.04% jumped 4% while the large-cap FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.04% added just 0.5%, as the surge in sterling /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.0841% 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 +1.13% , up 19%, and Virgin Money UK /zigman2/quotes/207233909/delayed UK:VMUK +4.08% , up 18%.

/zigman2/quotes/210598417/delayed
UK : FTSE UK
21,763.94
+223.38 +1.04%
Volume: 229,369
Jan. 24, 2020 4:59p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,585.98
+78.31 +1.04%
Volume: 594,152
Jan. 24, 2020 4:59p
loading...
/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3063
-0.0011 -0.0841%
Volume: 0.0000
Jan. 27, 2020 2:07a
loading...
/zigman2/quotes/200858511/delayed
UK : U.K.: London
1,611.00 p
+18.00 +1.13%
Volume: 1.14M
Jan. 24, 2020 4:35p
P/E Ratio
54.59
Dividend Yield
2.92%
Market Cap
£3.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207233909/delayed
UK : U.K.: London
£ 173.30
+6.80 +4.08%
Volume: 3.26M
Jan. 24, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£2.49 billion
Rev. per Employee
£220,757
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.