Lloyds Share News (LLOY)

Banks continued to lift the index with Lloyds leading the way, rising over 8% on hopes that leaders can bring an end to the euro crisis. RBS and Barclays were also making gains. As the continent gears up for the EU summit on Friday, which is to focus on proposals to move euro area countries further towards closer economic and fiscal union, German Chancellor Angela Merkel and the French President Nicolas Sarkozy kicked off the week of high profile meetings today."We want to make sure that the imbalances which led to the situation in the Eurozone today cannot happen again," Sarkozy told reporters after the meeting. Among the things that Merkel and Sarkozy have proposed are automatic sanctions for nations whose deficits go beyond 3% of gross domestic product and the rejection of eurobond issuance. HSBC was held back a little - although still rising - after the Financial Services Authority (FSA) levied a £10.5m fine on the banking giant after it mis-sold five-year bonds to the over 80s. The firm sold the bonds to nearly 2,500 elderly customers who were advised to buy the products as a way of funding their long-term care. Meanwhile, luxury brand Burberry, which is heavily exposed to the fast-growing Chinese market, was the heaviest faller of the day after the HSBC Chinese service sector purchasing managers' index (PMI) for the month of November came in at 52.5, versus 54.1 the month before, signalling only a modest rise in service sector activity. Pharmaceuticals group Shire was also heading lower after agreeing with US regulators to conduct further trials of its hypotension drug ProAmatine to maintain market approval. According to a report in the PharmaTimes, since August 2010 the US Food and Drug Administration has wanted to withdraw the drug, which went off-patient in 2003, claiming that Shire has never proven the clinical benefits of the medicine. FTSE 100 - RisersLloyds Banking Group (LLOY) 27.59p +8.66%Royal Bank of Scotland Group (RBS) 22.90p +5.87%Vedanta Resources (VED) 1,121.00p +3.22%Essar Energy (ESSR) 253.20p +3.18%Schroders (SDR) 1,422.00p +2.82%IMI (IMI) 799.00p +2.63%Man Group (EMG) 146.10p +2.60%BT Group (BT.A) 190.10p +2.48%Eurasian Natural Resources Corp. (ENRC) 690.00p +2.30%Lonmin (LMI) 1,087.00p +2.26%FTSE 100 - FallersBurberry Group (BRBY) 1,269.00p -3.57%Next (NXT) 2,668.00p -1.80%Weir Group (WEIR) 2,046.00p -1.35%ARM Holdings (ARM) 594.50p -1.00%British Land Co (BLND) 499.20p -0.85%British American Tobacco (BATS) 2,933.00p -0.79%Compass Group (CPG) 585.50p -0.68%Marks & Spencer Group (MKS) 328.20p -0.58%Capital Shopping Centres Group (CSCG) 322.60p -0.55%GlaxoSmithKline (GSK) 1,414.50p -0.49%NR