Lloyds, Jupiter jump 8% on solid H1 results

Shares in Lloyds Banking Group and Jupiter Fund Management soared on Thursday after both groups reported hefty profits in their half-year results.

Lloyds' share price jumped 8% to 74p by mid-morning, a level not seen since October 2010, after the bank announced a pre-tax profit of £2.1bn for the six months to end of June. Jupiter's shares were also up 8% to 350.5p after it reported net mutual fund flows of £426m and a 40% dividend hike; Numis Securities has upgraded its price objective on the stock from 360p to 392p. Royal Bank of Scotland was also among the top performers in the FTSE 100 this morning, up 3% to 327.4p. However, a dip in profits at power generation firm Aggreko and Royal Dutch Shell saw both stocks down around...