[UK Local Election Seat Update] Reform 8, Lib Dem 2, Labour 1, Conservative 1; all of Reform's gained seats have came from a prior Labour seat

The update on the UK local elections shows Reform gaining a notable number of seats, primarily at the expense of Labour.

Newsquawk StaffPublished 8 May 2026, 00:16 UTCOn the live feed at 23:56 UTC — 4 more headlines followed before this page went public

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00:04

US President Trump says his trip to China is going to proceed and that a great meeting will be had

00:03

US President Trump says the Iran ceasefire is still on and that the US is negotiating with the Iranians; Pakistan asked the US not to do Project Freedom during the negotiations

23:56

[UK Local Election Seat Update] Reform 8, Lib Dem 2, Labour 1, Conservative 1; all of Reform's gained seats have came from a prior Labour seat

23:30

Japanese Overtime Pay YoY (Mar) Y/Y 1.90% (Prev. 3.3%)

23:30

Japanese Average Cash Earnings YoY (Mar) Y/Y 2.7% vs. Exp. 3.2% (Prev. 3.3%)

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Context

This shift could signal a changing political landscape, which may have implications for local policies and influence broader market sentiment, particularly in sectors sensitive to government changes. Watch for potential volatility in UK equities and GBP as these dynamics unfold.

All markets · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

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