Lloyds Bank launches £1.75bn buyback after profit beat, even as motor finance bill swells
Lloyds Banking Group kicked off a £1.75 billion share buyback Thursday, following a 2025 profit that topped analyst expectations. The bank also raised its profitability target for 2026. “Our continued business momentum and strategic delivery enable us to upgrade guidance,” CEO Charlie Nunn said, noting the bank will reveal its next strategy phase in July.