- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

UK Index FTSE 100 Opens With Over 1% Gain on Preliminary Election Results

© REUTERS / Toby MelvilleA polling station sign is seen ahead of the forthcoming general election, in London, Britain June 6, 2017.
A polling station sign is seen ahead of the forthcoming general election, in London, Britain June 6, 2017. - Sputnik International
Subscribe
The UK FTSE 100 index opened on Friday with over 1-percent gains after all but four general election results have been declared, according to market data.

MOSCOW (Sputnik) — The index is up by 1.07 percent at 7,530.06 as of 07:07 GMT.

The latest results give May's Conservatives 315 seats, Labour 261, the Scottish Nationalist Party 35, the Liberal Democrats 12, and the Democratic Unionist Party (DUP), in Northern Ireland, 10, which — with only a few results remaining — means May has no chance of gaining an overall majority.

In order to gain a single point majority, parties need to gain 326 seats, which May has manifestly failed to do. Her only hope is to do a deal with the DUP in Northern Ireland, but that would still leave her with a very slim majority — and not guaranteed to hold it one every parliamentary vote, depending on the issue.  

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала