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FTSE 100 dips, Europe mixed and Wall Street holds near record high as Labour wins UK general election


LONDON, ENGLAND - JULY 5: Labour leader and incoming Prime Minister Sir Keir Starmer speaks to the media as he enters 10 Downing Street following Labour's landslide election victory on July 5, 2024 in London, England. The Labour Party won a landslide victory in the 2024 general election, ending 14 years of Conservative government. (Photo by Christopher Furlong/Getty Images)

Labour won 412 seats while the Conservative party 121. (Christopher Furlong via Getty Images)

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…



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