Shares gain on election outcomes

clock

With a lead, but not an outright win, so far in the US presidential elections going to Bush, markets in Asia and Europe have been making gains this morning, with the FTSE following suit up about 24 points to 4,718 currently.

Prudential is up 11p to 421p to lead the gainers after reports it is to sell an asset – the Burlington Arcade in London – for up to £56m. AstraZenica is up 50p to 2,307p as big pharma gains from the predicted victory for Bush, which along with further gains in the Congressional and Senatorial elections for the Republican party should see less pressure on drug companies to cut costs of their products in the US market. GlaxoSmithKline is up 13p to 1,183p. Dixons is down 1p to 173p after the company warned UK retailers may have to shift operations abroad to escape strict lease agreeme...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read
Fahad Hassan: Progress on many fronts

Fahad Hassan: Progress on many fronts

'Financial markets are increasingly pricing in a more benign inflation environment ahead'

Fahad Hassan
clock 01 July 2026 • 5 min read