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Election hopes support UK mid-caps, financials buoy FTSE

Published 18/11/2019, 09:32
Election hopes support UK mid-caps, financials buoy FTSE
UK100
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FTMC
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IQE
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CSRT
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RECIb
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 about flat, FTSE 250 up 0.3%

* Pound gains on election hopes

* IQE tanks after results warning

* Buyout offer spurs Consort Medical

Nov 18 (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 .FTSE was little changed by 0805 GMT. The

FTSE 250 .FTMC 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 IQE.L which plunged 20%

after the tech firm warned on results amid issues with two of

its main customers, while Consort Medical CSRT.L sky-rocketed

44% and past the 10.1 pound a share bid from Sweden's Recipharm

RECIb.ST .

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