{"id":32363,"date":"2026-07-30T06:53:45","date_gmt":"2026-07-30T06:53:45","guid":{"rendered":"https:\/\/microvibenews.com\/?p=32363"},"modified":"2026-07-30T06:53:45","modified_gmt":"2026-07-30T06:53:45","slug":"lloyds-profits-up-23-as-it-outlines-new-strategy-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=32363","title":{"rendered":"Lloyds profits up 23% as it outlines new strategy \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/06\/Lloyds-Banking-Group.png\" alt=\"Lloyds Banking Group\" class=\"wp-image-59719 lazyload\" style=\"aspect-ratio:1.5169237048482551;width:828px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"628\" height=\"414\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/06\/Lloyds-Banking-Group.png\" alt=\"Lloyds Banking Group\" class=\"wp-image-59719 lazyload\" style=\"aspect-ratio:1.5169237048482551;width:828px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/06\/Lloyds-Banking-Group.png 628w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/06\/Lloyds-Banking-Group-600x396.png 600w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/06\/Lloyds-Banking-Group-300x198.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\"\/><figcaption class=\"wp-element-caption\"><em>Lloyds has a new three-year strategy (pic: DB Media Services)<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Lloyds Banking Group has reported a 23% rise in statutory half-year profit before tax to \u00a34.3 billion as it benefited from higher total income and controlled costs.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The ?result was above an average analyst forecast of \u00a34.12bn and ?the bank\u2019s \u00a33.5bn ?profit in the same period ?last ?year.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The board announced an increased interim ordinary dividend of 1.58p per share, up 30% from the prior year, alongside a new \u00a31bn share buyback programme. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Underlying loans and advances to customers grew 2% to \u00a3491.5bn, while customer deposits increased by 1% to \u00a3500.9bn. The group reiterated its 2026 guidance for underlying net interest income greater than \u00a314.9bn and a cost:income ratio below 50%.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Lloyds includes Bank of Scotland and Scottish Widows and CEO Charlie Nunn outlined its new ?three-year strategic plan.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cIn the first half of 2026, we delivered sustained strength in financial performance, with continued income growth, improving operating leverage, strong credit performance, growing capital generation and increasing shareholder returns,\u201d he said.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cWe are successfully completing our 2022 to 2026 strategy, focusing on customer experience, pivoting the Group to growth and laying the foundations for our exciting new strategy. We have strengthened our market leadership, built our digital and AI capabilities, and enhanced our cost and capital leadership, while remaining on track to deliver our 2026 financial targets.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThis ensures the group is well placed to launch our new strategy, Accelerate 2030, from a position of strength. Building on our leadership position we will accelerate through reimagined customer experiences, increased group connectivity, and a productivity step-change, all enabled by pioneering technology. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cOur strategy will allow us to unlock the next phase of growth and sustainable value creation for our shareholders.\u201d<\/p>\n<p class=\"wp-block-paragraph\">\u2026 more follows<\/p>\n<p><!-- Simple Share Buttons Adder (8.6.0) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Lloyds #profits #outlines #strategy #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lloyds has a new three-year st&hellip; <\/p>\n","protected":false},"author":1,"featured_media":29158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,265,10397,10396,520,6379,127],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32363"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32363"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/29158"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}