Lloyds Banking Group’s boss has outlined a new four-year plan that will involve further investment in technology such as artificial intelligence (AI) to help deliver £2billion in cost savings. Its second-quarter profits of £2.3billion came in ahead of analyst expectations of £2.1billion, as it booked £5billion in revenue and slashed costs. Chief executive Charlie Nunn said the bank had delivered 'sustained strength in financial performance', with income growth, controlled costs and increasing shareholder returns. More recently, Lloyds decided to scrap the Halifax brand and change it to Lloyds. Shares in Lloyds rose 1.71 per cent or 1.90p to 113.25p on Thursday, having risen over 40 per cent in the past year.