Tue, 01 May 2012 13:25:04 GMT
FTSE 100 index surges on Lloyds earnings
FTSE 100 index climbed higher on Tuesday supported by the British banks. Lloyds Banking Group rallied 6% after company said it shifted to a profit in the first-quarter from a previous year's loss. Company cited reduced risk, cost controls and a more robust balance sheet as key drivers of its success. Rolls-Royce Holdings added 1.6% on news it signed a