UK stocks surge 1.6% after convincing Conservative election win

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UK stocks rallied in early trade Friday, spurred by a consclusive Conservative election victory and reports that the US and China were poised to sign a first-phase trade deal.

At 0843, the benchmark FTSE 100 index was up 112.89 points, or 1.6%, ato 7.386.36.

Ten-pin bowling alley operator Hollywood Bowl rose 5.5% to 248p as it booked a 15% rise in annual profit driven by higher game volumes and increased customer spending on food and drinks.

Gold miner Centamin gained 1.4% to 123.5p after it appointed current chief financial officer Ross Jerrard as its interim chief executive. Centamin said the search for a permanent CEO replacement was progressing well.

Water treatment group Amiad Water Systems slumped 19% to 220p on warning expected to post annual profits and revenue below market expectations.

BMO Global Smaller Companies rose 1.8% to 143.8p after it posted a positive return in the first half that beat its benchmark.

Miton UK MicroCap Trust added 4.9% to 50.95p, even as it posted a negative performance in the first half -- blamed on Brexit uncertainty that looks to be clearing in the wake of Boris Johnson's election win.

Gambling software provider GAN advanced 4.3% to 142.9p on noting official state figures showing that sports wagering revenue in the state of New Jersey had risen during the month of November on-year, but fallen on-month.

Legal and professional services group Gateley added 0.9% to 175p after ut acquired T-three for £3.4m.

Video game company Codemasters rose 3.2% to 255.33p, having revealed that a title that it had previously identified as being tied to its acquisition of Slightly Mad Studios would be linked to the Hollywood movie franchise Fast & Furious.

The game, Fast & Furious Crossroads, was set to launch in May 2020.

Oil and gas company Hurricane Energy gained 5.6% to 31.89p as it forecast revenue of around $165m for its financial year through December, following a 'strong' performance from its Lancaster project in the UK.