FTSE 100 climbs led by financials

UK benchmark index FTSE 100 traded higher on Friday after European officials managed to persuade 26 of 27 EU members to implement tighter fiscal regulations. FTSE 100 added 1% to 5,437.57 in London afternoon trade. On the upside were British banks, as Barclays PLC gained 4.5%, Royal Bank of Scotland Group PLC jumped 4.3%, whereas Lloyds Banking Group PLC surged 4.72%.