FTSE 100 jumps as polls open in UK election - Market Report

Proactive - Interviews for investors

London's blue chips surged at the open in what could be the last day with Rishi Sunak as prime minister, with Brits heading to local polling stations for the first general election in nearly five years. Labour, going off multiple final polls, is set for a landslide victory today, but questions are seemingly now turning to whether Kier Starmer's party will take the 210-seat gap required to make it largest majority in UK parliamentary history. Meanwhile, in a quiet day in the world of business, Victrex, the FTSE 250 polymer maker, reported a strong performance in the third quarter with group volume increasing by 20% to 979 tonnes compared to the same period last year. Revenue in the period rose by 2% year-on-year to £74 million. Tesco has revealed its staff have received a total of £30 million from its share scheme, which offers workers discounted investment opportunities in the UK's largest supermarket. A worker who invested an average of £68 a month over the last five years is set to be awarded profits of more than £2,500. Finally, preliminary car registration data from the UK's industry body revealed it crossed the million mark in the first half of 2024, a feat not achieved since the pandemic. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #victrex #election2024 #tesco # #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews