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LONDON (AFP) – London shares soared to a two-year high on Thursday in reaction to the Federal Reserve's decision to pump 600 billion US dollars (373 billion pounds) into the US economy to boost its recovery.

The FTSE 100 index ended 1.98 percent higher to close at 5,862.79 points.

Lloyds Banking Group (LBG) was the most traded stock, seeing 176 million shares switch owners, followed by Vodafone, which saw 103 million units change hands.

Investment business Man Group was the top blue-chip performer, adding 37.1 pence -- or 14.6 percent -- to end at 290.8, followed by miner Xstrata, which rose 90 pence -- or 7.05 percent -- to end at 1366.5.

Rolls-Royce was the biggest blue-chip faller after a Qantas Airways Airbus A380 airliner was forced to make an emergency landing in Singapore after one of its four Rolls-Royce Trent 900 engines exploded.

Qantas chief executive Alan Joyce said the plane had experienced "a significant engine failure".

"We will suspend those A380 services until we are completely confident that Qantas safety requirements have been met," Joyce told reporters in Sydney.

Rolls shares shed 33 pence -- or 5.04 percent -- following the incident to end at 621.5.

Rolls shares were joined at the rear by supermarket giant WM Morrisons, which was down 11.3 pence -- or 3.9 percent -- to end at 278.7.

Meanwhile, the pound rose against the dollar but slipped against the euro.

At 17:04 BST, sterling was trading at 1.6256 dollars, up from 1.6092 at the same time on Wednesday, while the currency stood at 1.1435 euros, down from 1.1455 euros over the same period.

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