Shares in British banks were up on the FTSE 100 in morning trading after Standard Chartered said it expected to see double digit profit growth this year in both consumer and wholesale banking.

The bank, which is focused mainly on Asia, said that its wholesale banking division had seen "very good" client income growth while good growth was also reported at its consumer banking arm.

The news did little to help shares in Standard Chartered, but the "big four" banks saw their shares rise.

By 10:40 shares in Standard Chartered were down 3.99 per cent to 1,803.00 pence per share.

However shares in Lloyds Banking Group rose 1.42 per cent to 68.61 pence per share, RBS shares increased 3.71 per cent to 42.50 pence per share, Barclays shares climbed 2.42 per cent to 270.55 pence per share and HSBC shares were up 0.59 per cent to 662.80 pence per share.

Overall the FTSE 100 was up 0.24 per cent to 5,808.27.