Lloyds Banking

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. » More on 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. » More on 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. » More on de.investing.com