Money

Election hopes support UK mid-caps, financials buoy FTSE



(Reuters) – British blue-chips held steady on Monday as financial stocks supported the index after its worst weekly performance in four, while mid-caps continued to benefit from polls ahead of a snap election in the country.

The FTSE 100 () was little changed by 0805 GMT. The FTSE 250 () outshone, rising 0.3% thanks to gains in the local currency on hopes that Conservatives will win the December election and deliver Brexit.

Stand out movers included IQE (L:) which plunged 20% after the tech firm warned on results amid issues with two of its main customers, while Consort Medical (L:) sky-rocketed 44% and past the 10.1 pound a share bid from Sweden’s Recipharm (ST:).

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