The FTSE 100 (^FTSE2) dipped into the red at the close, dropping by 0.45%, while European stocks were mixed on Friday as voters in the UK general election delivered a devastating verdict on 14 years of Conservative rule. Labour won 41 seats to the incumbent Tory government’s 121, with prime minister Rishi Sunak conceding defeat.
The domestically-focused FTSE 250 (^FTMC) surged ahead on the back of the news in London, climbing as much as 1.8% to its highest level since April 2022. This is because it…