These stocks likely to gain from announcement, analysts say

The U.K.’s new Labour government unveiled a debut budget plan that includes £40 billion ($51.8 billion) worth of tax rises and even bigger spending plans. Wall Street and City analysts have identified several stocks that could benefit from the measures announced Wednesday. Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. Online gambling Shares of U.K.-listed gambling firms had traded significantly lower in recent weeks on media reports that the U.K. government planned to increase taxes on such firms to raise about £3 billion. No such taxes were announced, and gambling stocks have since soared.