Lloyds Banking Group is at the top of the FTSE 100 after the part-nationalised bank said it will not need to issue new equity to meet regulatory capital requirements.

Nationwide Building Society, the U.K.'s largest customer-owned lender, said full-year pretax profit rose 3.4 percent as higher impairments in its property finance business offset growth at its consumer unit.

Tax authorities from the UK, US and Australia are to join together to investigate tax evasion from some of the wealthiest people in the world after receiving huge amounts of data from a whistle-blower.

International Monetary Fund predicted the economy would grow 6.75 per cent in the 2013/2014 financial year, driven by gas production and investment.

The pound fell to a four-week low against the euro before the Bank of England publishes the minutes of this month's monetary policy meeting.