Lloyds Banking

Lloyds CFO William Chalmers said the chancellor's decision to double the bank surcharge to fund energy bill support should be temporary and warned against extending the levy beyond March 2028, arguing it risks harming the sector's ability to lend and remain internationally competitive. He questioned the link between energy prices and bank taxes and urged a stable, predictable tax regime. Separately, Lloyds reported third-quarter pre-tax profits nearly doubled year‑on‑year to £2.3bn, helped by a 10% rise in net interest income and the absence of an £800m provision that hit last year's results. » Mere på theguardian.com

CEO Charlie Nunn said Lloyds expects a 'resilient but slower' U.K. economy with real GDP growth of 1–2% and outlined the Accelerate 2030 strategy aiming for mid-single-digit revenue growth, high-single-digit other operating income growth and a cost‑income ratio below 45% by 2030. The bank will invest about £13 billion annually for four years, seek a further £2 billion in cost savings and prioritize payments, digital wallets, AI and new business lines. Lloyds said mortgages and key lending portfolios remain resilient despite higher borrowing costs, while deposit competition has intensified and the group will focus on current-account share rather than unattractive time-deposit pricing. » Mere på finance.yahoo.com

At the Barclays conference, Lloyds Banking Group unveiled the four-year plan "Accelerate 2030", which foresees £13 billion of cash investment and mid-single-digit percentage medium-term revenue growth. The bank is targeting a cost‑income ratio below 45% and a return on tangible equity of around 20% by 2030. AI is a central part of the strategy: more than 40,000 Copilot licences have already been rolled out and there is an AI revenue target of £100 million for 2026. Lloyds reported solid loan and deposit growth in the first half of 2026 and sees further capital headroom for dividends, buybacks and investment. » Mere på de.investing.com

Lloyds Banking Group issued 2,535,129 ordinary shares between 1 and 28 August to meet allocations under employee share schemes. The shares, with a nominal value of 10 pence, were admitted to trading under existing listings on the Main Market of the London Stock Exchange and are fully fungible. After the issue, the total number of ordinary shares admitted to trading is 57,994,703,389. The announcement was made in accordance with the prospectus rules of the Financial Conduct Authority. » Mere på de.investing.com

Lloyds Banking Group appoints Kelly Bennett, effective 1 September, as an independent, non-executive member of the board of directors. Bennett was Chief Marketing Officer at Netflix from 2012–2019 and previously held senior roles at Warner Bros.; she has also advised Microsoft Xbox and the founders of Nubank and is currently chair of the supervisory board at Zalando as well as a venture advisor at Technology Crossover Ventures. The company said that, in accordance with UK listing rules, there is no further information required to be disclosed. » Mere på de.investing.com