Shares in British banks were broadly up on the FTSE 100 in morning trading.

Yesterday shares began to recover as worries about political unrest in Egypt began to subside.

Egypt's president of three decades, Hosni Mubarak, said this week that he would not run in this September's elections. However unrest has continued with violence erupting between pro and anti-Mubarak protestors.

By 10:05 shares in RBS were up 2.33 per cent to 43.48 pence per share, Barclays shares increased 1.01 per cent to 305.05 pence per share and HSBC shares rose 0.36 per cent to 703.90 pence per share.

Lloyds Banking Group however saw its shares decline 0.28 per cent to 64.18 pence per share.

Overall the FTSE 100 was down 0.26 per cent to 5,984.29.