FTSE climbs as Tesco nets £1bn a week

Bank shares were among the early leaders as the US bank sector continued to post positive quarterly results. Lloyds led the pack, up 5.35% to 94.5p, closely followed by RBS and Barclays, which climbed 4.55% and 4.1% respectively. Tesco shares also gained as the company was expected to announce sales of more than £53bn in the last financial year, equal to £1bn a week and cementing the supermarket group's place as the third biggest retailer in the world. Hammerson shares fell 2% to 295.25p as commercial property continued to suffer from falling prices, while rival Land Securities dipped ...