Shares in British banks were broadly up in morning trading on the FTSE 100 following losses incurred on Friday.

Friday saw shares decline in value following poor data on jobs from the U.S. helping to dent investor confidence, despite some good results from all of Britain's "big four" banks last week.

Both part-nationalised banks Lloyds Banking Group and RBS reported a return to profit in the first half of the year, while Barclays and HSBC reported an increase in their pre-tax profits.

Today by 10:15 shares in Lloyds Banking Group were up 1.17 per cent to 74.58 pence per share, Barclays shares rose 2.74 per cent to 333.50 pence per share, while HSBC shares increased 0.94 per cent to 667.60 pence per share.

RBS shares however fell 0.49 per cent to 50.85 pence per share.

Overall the FTSE 100 was up 1.38 per cent to 5,406.05.