Ftse rises 2% after election result

London’s Ftse 100 index was 2% higher yesterday after the unexpected Conservative election victory added over £40bn to market prices.

The rise was the second biggest of the year, with the election result triggering a surge in shares for energy firms, banks, and housebuilders.

The Ftse rose 160 points to 7046.8 as Prime Minister David Cameron’s majority ended fears that markets would be dogged by weeks of political uncertainty.