{"id":94238,"date":"2026-07-30T22:06:08","date_gmt":"2026-07-30T22:06:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/94238\/"},"modified":"2026-07-30T22:06:08","modified_gmt":"2026-07-30T22:06:08","slug":"lloyds-launches-1bn-buyback-and-new-2030-plan-after-beating-profit-forecasts-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/94238\/","title":{"rendered":"Lloyds launches \u00a31bn buyback and new 2030 plan after beating profit forecasts"},"content":{"rendered":"

\"Lloyds<\/a> Lloyds launches \u00a31bn buyback and new 2030 plan after beating profit forecasts Proactive uses images sourced from Shutterstock <\/p>\n

Lloyds Banking Group PLC (LSE:LLOY)<\/a>\u00a0unveiled a \u00a31 billion share buyback and a new four-year strategy after reporting\u00a0a stronger\u00a0profit for the second quarter than expected. <\/p>\n

Statutory pre-tax profit rose to \u00a34.3 billion in the first half, from \u00a33.5 billion a year earlier. Second-quarter profit of \u00a32.3 billion beat the \u00a32.1 billion expected by analysts. <\/p>\n

Underlying net interest income\u00a0increased 9% to \u00a37.3 billion. Its banking net interest margin,\u00a0the difference between what the bank earns from loans and pays out on deposits, improved by 15 basis points to 3.19%, helped by structural hedge income and lending growth. <\/p>\n

As well as the new buyback, the interim dividend was hiked 30% to 1.58p a share, equivalent to \u00a3918 million. Lloyds also announced a buyback of up to \u00a31 billion, adding to the \u00a31.75 billion programme unveiled with its 2025 results. <\/p>\n

Chief executive Charlie Nunn said the bank had delivered “sustained strength in financial performance”, with income growth, controlled costs and increasing shareholder returns. <\/p>\n

Full-year guidance was left unchanged, including net interest income above \u00a314.9 billion and a return on tangible equity above 16%. <\/p>\n

Under the new Accelerate 2030 plan, Lloyds is targeting a return on tangible equity of around 20% and a cost-to-income ratio below 45% by 2030. <\/p>\n","protected":false},"excerpt":{"rendered":"Lloyds launches \u00a31bn buyback and new 2030 plan after beating profit forecasts Proactive uses images sourced from Shutterstock…\n","protected":false},"author":2,"featured_media":94239,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21256],"tags":[21325,3692,2861,31878],"class_list":["post-94238","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lloyds-banking-group","tag-buyback","tag-lloyds","tag-lloyds-banking-group","tag-net-interest-margin"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117011204394276576","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/94238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=94238"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/94238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/94239"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=94238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=94238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=94238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}