Good day for FTSE

Banks helped lift London's leading index sharply higher today after Lloyds Banking Group boss Antonio Horta-Osorio received backing for his plans to overhaul the taxpayer-controlled bank.

The FTSE 100 Index gained 89.8 to 5945.7, with Lloyds almost 10% or 4.3p higher at 49p after Mr Horta-Osorio, who took up the top post in March, said he hoped the markets would find his strategic review "clear and simple". Lloyds will cut a further 15,000 roles under the plan.