RBS shares surge after it reports a surprise rise in profit
25 July 2014 Last updated at 22:56 BST
Shares in Royal Bank of Scotland (RBS) have jumped after the bank said it expects pre-tax profits to double to £2.65bn for the first half of the year.
RBS said it set aside much less money for bad loans than it had expected to do - £269m down from £2.15bn.
A government bail out of the bank in 2008 left the taxpayer owning 80%.
Kamal Ahmed reports.