Labour Party's Landslide Win Boosts London Stocks

London stocks surged on Friday following the Labour Party's landslide parliamentary election win, providing investors with a sense of stability. The FTSE 100 rose by 0.3%, and the domestically focused FTSE 250 was up by 0.2%. Keir Starmer is set to become Britain's next prime minister.

London stocks climbed on Friday after UK's Labour Party surged to a landslide victory in a parliamentary election, bringing a sense of stability to investors who expect it to end years of market volatility.

The blue-chip FTSE 100 rose 0.3%, after logging its best day in almost two months in the previous session, while the domestically focussed mid-cap FTSE 250 was up 0.2% as of 0705 GMT. The FTSE small cap was flat.

Keir Starmer was set to become Britain's next prime minister, ending 14 years of Conservative government. The pound held firm after the win, and was last up 0.1% against the US dollar.