FTSE 100 rebounds as bank shares rise on Lloyds results
(Close): Bank shares gave the London market a boost, with shares in Lloyds jumping on news of a special dividend.
At the close the FTSE 100 was up 146 points, or 2.48%, at 6,012.81.
Shares in Lloyds jumped more than 13% after investors welcomed its latest results - despite PPI provisions hitting profits - and news of a special dividend for shareholders.
Lloyds announced a 2.25p dividend per share and a 0.5p special dividend, giving a total payout of £2bn.
Telecoms group BT Group ended up 4.6% higher after regulator Ofcom said the company should be overhauled rather than split up, as some rivals had been calling for.