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City Bankers Dodge Bullet as Cameron Wins, But EU Vote Looms

relates to City Bankers Dodge Bullet as Cameron Wins, But EU Vote Looms
Photographer: Chris Ratcliffe/Bloomberg
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Bankers emerged as the big corporate winners of the U.K. election as David Cameron’s victory saved them from tougher taxes and regulation even as a referendum on membership of the European Union now looms.

British bank stocks soared, led by Lloyds Banking Group Plc and Barclays Plc, as Cameron’s Conservative party unexpectedly secured a parliamentary majority. Energy producers such as Centrica Plc, betting-shop owners and property companies also had cause to celebrate the defeat of Labour leader Ed Miliband and his more interventionist agenda.