FTSE 100 surges on bank and oil stocks

UK FTSE 100 Index climbed 0.5% on Thursday, lifted by financial and oil shares. Lloyds Banking Group PLC gained 2% and Royal Bank of Scotland Group  PLC soared 1.3%. BG Group PLC added 2% after the company posted a 43% advance in its 4th quarter profit. In contrast Vodafone Group PLC lost 0.4% on its interim statement. Rolls-Royce Holdings PLC tumbled 3.3% despite reporting a 25% increase in  profit for 2011. FTSE edged higher after Greece announced it has reached consensus on austerity measures. At the moment of writing British index is 0.59% or 34.40 points up at 5,910.33.