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.
