FTSE 100 to Outperform, Called Up 106 Points at IG Index
2015-05-08 05:32:34.153 GMT
By James Ludden
(Bloomberg) -- FTSE 100 expected to post “fairly
sizeable” gain at open as Cameron’s Conservative Party
projected to remain in government, IG Index says.
* Latest BBC projection has Conservatives with 325 seats, one
short of absolute majority
* Banks, utilities, energy make up 45% of FTSE 100, sectors
that were regarded as under pressure from prospect of
Labour-led govt
* Before election, Conservative victory was regarded at Citi
as the only positive for utilities; Centrica, SSE most
exposed
* Focus may turn to EU referendum; Conservatives are committed
to holding an “in-out” vote by end-2017
* NOTE: HSBC said April 24 that one aspect of its review
of whether to move headquarters was U.K. membership of
EU
* City Index said FTSE 100 may open up 70pts if the exit
poll was correct; Jefferies also expects a positive
reaction
* City Index said FTSE 100 may open up 70pts if the exit
poll was correct; Jefferies also expects a positive
reaction</li></ul>
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To contact the reporter on this story:
James Ludden in London at +44-20-3525-2645 or
jludden@bloomberg.net
To contact the editor responsible for this story:
Andrew Rummer at +44-20-3525-3722 or
arummer@bloomberg.net
2015-05-08 05:32:34.153 GMT
By James Ludden
(Bloomberg) -- FTSE 100 expected to post “fairly
sizeable” gain at open as Cameron’s Conservative Party
projected to remain in government, IG Index says.
* Latest BBC projection has Conservatives with 325 seats, one
short of absolute majority
* Banks, utilities, energy make up 45% of FTSE 100, sectors
that were regarded as under pressure from prospect of
Labour-led govt
* Before election, Conservative victory was regarded at Citi
as the only positive for utilities; Centrica, SSE most
exposed
* Focus may turn to EU referendum; Conservatives are committed
to holding an “in-out” vote by end-2017
* NOTE: HSBC said April 24 that one aspect of its review
of whether to move headquarters was U.K. membership of
EU
* City Index said FTSE 100 may open up 70pts if the exit
poll was correct; Jefferies also expects a positive
reaction
* City Index said FTSE 100 may open up 70pts if the exit
poll was correct; Jefferies also expects a positive
reaction</li></ul>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
James Ludden in London at +44-20-3525-2645 or
jludden@bloomberg.net
To contact the editor responsible for this story:
Andrew Rummer at +44-20-3525-3722 or
arummer@bloomberg.net