FTSE 100 surges powered by Lloyds and BT Group
On Thursday, British shares sprang higher, with leaps in BT Group PLC as well as Lloyds Banking Group PLC stocks, thus leading the bread-based gains after two days of tough losses for the blue chips.
The FTSE 100 dared to climb up 1.5% to 5,953.18, including all of the sectors in the green.
The given financial group was powered by 9.6% in Lloyds right after the bank informed it’s on the verge to pay an exclusive dividend to its investors notwithstanding a steep sag in full-year net revenue to about million pounds or $649 million.
Meanwhile, in the same market niche, RSA Insurance Group PLC soared 6.9%, because the insurer reported a 43% surge for 2015 operating revenue and also drastically increased its cost-savings target.
Apart from that, BT stocks managed to soar 2.8%. The British communications regulator Ofcom told that the telecoms giant is supposed to open its brand new Openreach broadband network to rivals. However, Ofcom gave up making BT spin off its infrastructure business.
Only five shares on the FTSE 100 have been caught going down. British American Tobacco PLC dipped 0.9% after it posted stronger finance income.