UK market leads European equity rally after Conservatives' election win

viernes 8 de mayo de 2015 04:16 GYT

* FTSEurofirst 300, FTSE 100 up 1.6 pct

* UK Conservatives' victory seen as positive for equities

* Syngenta rallies after rejecting Monsanto bid

By Francesco Canepa

LONDON, May 8 (Reuters) - UK shares led a rebound in European equity indexes on Friday after early poll results showed Prime Minister David Cameron's Conservatives were set to govern Britain for another five years.

Broader market sentiment was also supported by a return to calm in U.S and European government bonds after a recent selloff, with investors awaiting U.S. jobs data due later in the session.

At 0858 GMT, the FTSEurofirst 300 index of pan-European shares was up 1.6 percent at 1,572.07 points, with Britain's FTSE 100 up by the same amount.

Bank Lloyds rose 6.3 percent as the threat of a Labour-proposed banking levy disappeared while utility Centrica , which might have been hit by a tariff freeze under a Labour government, added 6.9 percent. British defence group Babcock gained 7.1 percent.

With more than 95 percent of seats declared, the Conservatives had won 310 of 650 seats and looked on track to win a majority in the lower house of parliament.   Continuación...