London's FTSE 100 climbs on Smith & Nephew boost; UK polls underway
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
FTSE 100 up 0.5%, FTSE 250 off 0.1%
British election polls underway
Smith & Nephew gains after Cevian Capital discloses stake
July 4 (Reuters) -London's FTSE 100 climbed on Thursday, boosted by Smith & Nephew, while parliamentary polls in the country were underway, that the Labour Party looked set to win.
The blue-chip FTSE 100 .FTSE was up 0.5% after logging its best day in nearly two weeks in the previous session, while the mid-cap FTSE 250 .FTMC was off 0.1%, as of 0716 GMT.
Polling for the parliamentary elections in the UK started at 0600 GMT, and will continue throughout the day with an exit poll scheduled for 2100 GMT.
Opinion polls show that the Conservatives are set to be replaced after 14 years in power by the Labour Party. Investors believethis change is already priced into the market, with the results due early on Friday.
Trading activity in the session is expected to be low as the U.S. markets are closed for a holiday.
Medical equipment and services stocks .FTNMX201020 gained 4.7%, the most among the sectors, as Smith & Nephew SN.Ljumped 6.7%to the top of the benchmark index after Cevian Capital disclosed an about 5% stake in the company.
The automobile and parts sector .FTNMX401010 climbed 1.2% after an industry body said registration of new cars increased "slightly" in June and crossed the half-year "million motors" mark for the first time since 2019.
Among individual stocks, Barclays BARC.L gained 1.1% after the bank said it has agreed to sell its German consumer finance business to BAWAG Group AG BAWG.VI for a "small premium to net assets", payable in cash.
Reporting by Purvi Agarwal in Bengaluru; Editing by Eileen Soreng
For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
