Markets steady after Labour win

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UK indices are relatively unchanged after the Labour party secured an unprecedented third successive election victory.

The FTSE 100 is up about 2 points to 4,903, while the All Share is down by less then a point at 2,441. Like some politicians overnight, Unilever, the maker of soaps, ice-cream and teas, has unexpectedly picked up 13p to 528.5p after reporting quarterly profits that exceeded market expectations. Rio Tinto is up 18p to 1,656p, continuing its bull run of the past week. Shares are up about £1 since the close last Thursday as analysts and investors reconsider the pricing power of commodities producers through the rest of this year. Antagofasta likewise is up 10p to 1,172p, despite at le...

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