Shares in British banks were mixed on the FTSE 100 in morning trading after Standard Chartered reported its full year results for 2010.

The bank reported another year of record profits, with pre-tax profit up 19 per cent to $6.1 billion. Despite this the group said it had a cautious outlook for the global economy.

Following the update Lloyds Banking Group saw its shares rise 0.45 per cent to 62.03 pence per share and Standard Chartered shares increased 3.09 per cent to 1,668.00 pence per share.

RBS shares declined 1.60 per cent to 43.63 pence per share, Barclays shares fell 0.40 per cent to 312.00 pence per share and HSBC shares dropped 0.15 per cent to 657.00 pence per share.

Overall the FTSE 100 declined 0.83 per cent to 5,886.56.