Lloyds launches £1bn buyback and new 2030 plan after beating profit forecasts Proactive uses images sourced from ShutterstockLloyds Banking Group PLC (LSE:LLOY) unveiled a £1 billion share buyback and a new four-year strategy after reporting a stronger profit for the second quarter than expected. Underlying net interest income increased 9% to £7.3 billion. Lloyds also announced a buyback of up to £1 billion, adding to the £1.75 billion programme unveiled with its 2025 results. Full-year guidance was left unchanged, including net interest income above £14.9 billion and a return on tangible equity above 16%. 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.