Bankers and Business Welcome Cameron Win Despite EU Fears
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British businesses from banks to power companies are poised to gain from David Cameron’s expected victory in the U.K. election, despite fears about his promise to hold an “in-out” vote on British membership of the European Union and huge gains for the Scottish National Party.
The FTSE 100 index of leading U.K. companies jumped more than 2 per cent at 8:08 a.m. in London, after projections from pollsters that Cameron’s Conservative Party was close to being able to form a government without needing a coalition.