Shares in British banks were mixed on the FTSE 100 in morning trading despite some weak data on British factory output.

The combination of the Royal Wedding and the Japanese earthquake and tsunami led to a decline in industrial output of 1.7 per cent in April, the sharpest monthly fall in two years.

By 10:40 shares in Lloyds Banking Group were down 0.03 per cent to 47.80 pence per share and HSBC shares declined 0.60 per cent to 618.00 pence per share.

RBS shares however rose 0.61 per cent to 41.31 pence per share and Barclays shares increased 0.50 per cent to 261.25 pence per share.

Overall the FTSE 100 was down 0.01 per cent to 5,855.99.