UK Lenders Rally After ‘Huge Win’ in Motor Finance Ruling

Shares of UK lenders including Lloyds Banking Group Plc, Close Brothers Group Plc and Barclays Plc jumped on Monday after the industry won a major reprieve in a pivotal car finance case before the country’s top court.

Close Brothers’ stock soared as much as 30%, while Lloyds gained as much as 8.3% — boosting its market capitalization by more than £3 billion and making it the best performer in the FTSE 100 index. Barclays’ shares rose 1.9%.