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FinanceLloyds Banking Group H1 profit up 23%, announces £1bn buyback and AI-driven cost-cutting plan
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Lloyds Banking Group reported a 23% increase in first-half profit and announced a £1 billion share buyback. CEO Charlie Nunn outlined the lender's next plan to grow core businesses and harness technology such as artificial intelligence to cut costs. The announcement was published by The Business Times on July 30, 2026.
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Publication Date: 2026-07-30 08:50:02
Lloyds Reports First-Half Profit Up 23%, Outlines AI-Driven Cost-Cutting Plans
Lloyds also announced a £1 billion share buyback.
Published: Thu, Jul 30, 2026 · 04:50 PM
[LONDON] Lloyds Banking Group reported a 23% rise in first-half profit and unveiled plans to leverage artificial intelligence (AI) to reduce costs.
- CEO Charlie Nunn outlined the lender’s next strategy to grow its core businesses and harness technology such as AI to cut costs.
- The bank also announced a £1 billion share buyback programme.
Source
The Business TimesWestern
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Lloyds reports first-half profit up 23%, outlines AI-driven cost-cutting plans