Lloyds Share News (LLOY)

Banks are leading the market higher after good results from their European counterpart UBS. Barclays, Lloyds and Royal Bank of Scotland are the top three risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn Swiss francs last time. That was well above expectations for a 1.26bn francs profit. Deutsche Bank reported a 9% rise in second-quarter earnings despite a weaker performance in its investment banking unit. The oil giant BP confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by fellow executive director Bob Dudley. The group unveiled a $32.2bn charge for the Gulf of Mexico oil spill, including the $20bn it has already committed to putting in escrow. As a result the company reported a headline loss of $17bn for the second quarter, the largest ever by a UK company. Chip designer ARM Holdings is suffering profit-taking after its recent sharp rise. Strong second quarter figures were not enough to stop this. Ellerman Corporation has sold its entire holding of 29.9m shares in InterContinental Hotels. FTSE 100 - RisersLloyds Banking Group (LLOY) 71.53p +8.38%Barclays (BARC) 340.20p +7.78%Royal Bank of Scotland Group (RBS) 50.30p +7.78%Prudential (PRU) 552.50p +4.74%Autonomy Corporation (AU.) 1,681.00p +3.13%3i Group (III) 292.60p +2.74%Aviva (AV.) 364.30p +2.59%ICAP (IAP) 411.30p +2.57%Vedanta Resources (VED) 2,503.00p +2.50%Standard Chartered (STAN) 1,895.00p +2.43%FTSE 100 - FallersInterContinental Hotels Group (IHG) 1,111.00p -7.34%Randgold Resources (RRS) 5,695.00p -4.04%Aggreko (AGK) 1,540.00p -3.87%Burberry Group (BRBY) 851.50p -3.68%ARM Holdings (ARM) 334.30p -3.41%Unilever (ULVR) 1,869.00p -3.06%BP (BP.) 404.95p -2.88%Reckitt Benckiser Group (RB.) 3,243.00p -2.70%Morrison (Wm) Supermarkets (MRW) 270.20p -2.60%Fresnillo (FRES) 1,039.00p -2.26%