Lloyds share-price rally cuts the reach of £1.75 billion buyback
Lloyds Banking Group has spent about 71% of its up-to-£1.75 billion 2026 buyback, but the share rally means a fully spent programme would buy about 1.72 billion shares at Tuesday’s price — roughly 22% fewer than last year despite a 3% larger budget. Each pound now buys less of the bank.