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UK shares inch higher on election day

Published 12/12/2019, 09:27
Updated 12/12/2019, 09:36
© Reuters.  UK shares inch higher on election day
UK100
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BATS
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FTMC
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JLG
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100, FTSE 250 up 0.2%

* Britain goes to polls

* John Laing lags mid-caps

Dec 12 (Reuters) - UK shares inched higher in thin trading

on Thursday as Britons begin casting their votes in a general

election that could decide the fate of Brexit.

The FTSE 100 .FTSE added 0.3% by 0809 GMT, boosted by

financial stocks and miners, though a stronger sterling hit

exporters such as British American Tobacco BATS.L and capped

gains.

The more domestically-inclined FTSE 250 .FTMC advanced

0.2%, while infrastructure firm John Laing JLG.L

underperformed with a near 8% drop after saying it expects

annual net asset value to miss market estimates. Polls in the run-up to the election had indicated that Boris

Johnson's Conservative Party would win a majority, but recent

estimates have shown that its lead over the opposition Labour

Party narrow, stoking worries of a hung parliament.

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