BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks traded higher on Friday as
the Labour Party secured a landslide victory in the U.K. election to end 14
years of Conservative rule.

The benchmark FTSE 100 was up 24 points, or 0.3 percent, at 8,265 after rising
0.9 percent on Thursday.

Housebuilders traded higher, with Barratt Developments, Persimmon and Taylor
Wimpey surging 3-4 percent.

It is likely that the Labour Party victory will see the introduction of the
Freedom to Buy scheme to replace the Mortgage Guarantee Scheme.

HSBC Holdings fell 1.4 percent after Bloomberg News reported that French bank
BNP Paribas and Swiss lender UBS are showing interest in buying its German
wealth-management unit.

Energy company Shell dropped half a percent after providing an update to the
second quarter 2024 outlook.



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