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Lloyds launches £1.8bn share buyback after profit beats target
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City AM
Lloyds launches £1.8bn share buyback after profit beats targetLloyds Banking Group owns the UK's largest motor finance lender Black Horse.
Lloyds Banking Group has launched a £1.8bn sharebuyback after breezing past profit expectations in the 2025 financial year.
Lloyds is set to dish the cash back to shareholders with a fresh £1.75bn buyback, which follows near £3.9bn in returns for the 2025 financial year.
Lloyds flags global woes with impairment chargeCosts edged up slightly in the year, rising three per cent to just shy of £10bn.
The banking giant said increased impairment charges partially offset profit after rising 84 per cent to £795m.