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Housebuilding stocks pop as UK markets react to Labour election landslide

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London-listed stocks led European markets higher on Friday as the U.K.’s general election drew focus in the region.

LONDON — London-listed stocks climbed broadly on Friday, led by housebuilders, as investors reacted to the Labour Party's landslide U.K. election victory.The U.K.'s FTSE 100 index climbed 0.4% as investors reacted to the election results. The broader pan-European Stoxx 600 index rose 0.5% in morning deals.

Looking at individual stocks within the sector, Persimmon shares rose 2.9%, while Taylor Wimpey, Barratt Developments and Bellway were all up roughly 2%.

 

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