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FIVE at FIVE: Lloyds up on Basel rules; Moderna tanks; FTSE 100 gains; House prices surprise; Scottish Mortgage Nvidia boost

1. Lloyds and Barclays lead banks higher as market welcomes watered down Basel rules

New rules to ease lending have been unveiled by the Bank of England with small businesses and mortgage funding set to get a boost.

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2. Moderna shares tank after announcing $1.1bn cost-cutting measures

Now valued at around $25.2 billion, Moderna is worth just 15% of what it was at its heady pandemic-era heights.

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3. FTSE 100 builds gains

London's blue chips returned to positive territory on Thursday following two days of declines.

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4. More UK house prices rising than falling for first time in two years

The balance turned positive for the first time since October 2022 in August, immediately following the Bank of England's interest rate cut.

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5. Scottish Mortgage jumps following Nvidia recovery

Nvidia shares staged a bumper recovery yesterday sending Scottish Mortgage shares higher in turn.

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And with small caps

Light Science Technologies lands another sports entertainment order

Atlantic Lithium receives environmental permit for Ewoyaa