London midcaps touch more than two-year highs as Labour Party returns to power

The FTSE 250 index reached a two-year high and experienced its best week since January 22, boosted by investor enthusiasm for Keir Starmer's ambitious plan to build 1.5 million new homes in the UK. British homebuilding companies led the gains on the FTSE 100 as the index inched closer to the 21,000 mark.