Lloyds Share News (LLOY)

Royal Bank of Scotland (RBS) led the way higher on Friday morning, extending gains from yesterday, when the shares bounced after the lender revealed a massive shake-up to its investment banking and wholesale businesses, including a mass job cull of 3,500. Seymour Pierce fuelled gains after upgrading the stock from reduce to buy. Sector peers Barclays and Standard Chartered were also in demand, along with Lloyds, whose Chief Executive, Antonio Horta-Osório, will waive his 2011 bonus, after his recent return from a leave of absence and as pressure mounts on banks over large pay packets, The Wall Street Journal is reporting. Miners, led by Vedanta, were largely in demand as the four main metal commodities were rising, with gold futures gaining 0.49% to $1,647 and copper rising to $3.65, up 2.9%. Kazakhmys was also making gains. A notable exception to the trend however was Fresnillo, which held the title of biggest faller. Mobile phone firm Vodafone was falling despite being upgraded by Nomura from neutral to buy. ARM Holdings was also heading lower, with investors likely to still be uneasy over news of Intel's announcement that Motorola Mobility and Lenovo have signed agreements with the technology developer to ship Intel's low-power processor later in the year. FTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 24.26p +5.48%Ashmore Group (ASHM) 356.80p +4.69%Vedanta Resources (VED) 1,107.00p +4.04%ICAP (IAP) 334.30p +3.63%Barclays (BARC) 199.45p +3.10%Lloyds Banking Group (LLOY) 30.00p +2.90%Standard Chartered (STAN) 1,489.00p +2.90%IMI (IMI) 877.50p +2.15%Kazakhmys (KAZ) 1,073.00p +2.09%Resolution Ltd. (RSL) 265.10p +2.08%FTSE 100 - FallersFresnillo (FRES) 1,688.00p -2.60%Tate & Lyle (TATE) 684.00p -2.15%Vodafone Group (VOD) 175.75p -2.09%International Power (IPR) 336.40p -1.64%ARM Holdings (ARM) 575.50p -1.54%Bunzl (BNZL) 882.50p -1.45%GlaxoSmithKline (GSK) 1,431.00p -1.41%RSA Insurance Group (RSA) 110.60p -1.16%Amec (AMEC) 982.00p -1.06%SSE (SSE) 1,250.00p -1.03%NR