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The UK stocks boosted and bruised by Donald Trump

These sectors immediately saw either buying or selling as the US election results became clear
The UK stocks boosted and bruised by Donald TrumpPublished on November 12, 2024

Donald Trump returning to the White House triggered new index records in the US, and major UK companies are also likely to feel the impact of his lower tax and red tape plans once he is in office.

Some businesses will see massive government grants disappear and higher inflation may also hurt some sectors, but overall the response was positive. 

The FTSE 100, the most outward-focused of London’s indices reflected this mixed impact in the days after the election. The pharma giants did well, as did construction rental specialist Ashtead Group (AHT), but BP (BP.) and Shell (SHEL) slid after an initial gain shows Trump is not the only game in town. 

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