Lloyds surge bolsters FTSE 100
- 22 February 2017
- From the section Business
London's leading shares edged higher in Wednesday morning trading, with Lloyds Bank the top gainer after posting its highest profit in a decade.
By lunchtime, Lloyds was 3.6% higher after announcing that its profit for last year was up 158%.
The figures were helped by a reduction in payment protection insurance provisions.
Overall, the benchmark FTSE 100 index was up 4.45 points or 0.06% at 7,279.28.
Housebuilder Barratt was another big riser, up 2% after unveiling an 8.8% rise in half-yearly profits.
The announcement lifted the sector, with rivals Persimmon and Taylor Wimpey adding 0.5% and 0.9% respectively.