Date: 12 November 2025
Summary:
Lloyds Banking Group shares finished 0.57% higher at 95.16p, touching a fresh 52‑week high intraday as London’s FTSE 100 notched a record closing level of 9,911.42. The bank also disclosed another daily tranche of share buybacks (~9.93m shares at a VWAP of ~95.23p). Sentiment stayed firm despite continuing headlines around the bank’s use of aggregated data from employee accounts during pay talks. [1]
Today’s trading: price, range, volume
- Close: 95.16p (+0.54p, +0.57% day-on-day)
- Intraday range: 94.52p – 95.58p (new 52‑week high)
- Volume: ~131.2m shares
Pricing and volume are based on the London close. Hargreaves Lansdown also showed the market finishing with buy/sell quotes around 95.14p/95.10p, consistent with the 95.16p close. [2]
Market backdrop: The FTSE 100 set a record closing high of 9,911.42, after hitting an intraday peak near 9,930—a supportive tailwind for domestic bank stocks like Lloyds. [3]
Fresh news for 12 Nov 2025 that moved the narrative
1) Ongoing share buybacks underpin the rally
Lloyds reported another day of purchases under its existing buyback programme: 9,926,197 shares bought today at prices between 94.62p and 95.50p (VWAP 95.2302p). The continued reduction in share count remains a near‑term technical support for the stock. [4]
2) FTSE at records keeps sector momentum alive
Blue‑chips closed at a new high, keeping the index within sight of the 10,000 milestone—helped by strength across utilities and financials during the session. A buoyant benchmark has provided a favourable tape for banks through the autumn. [5]
3) Employee‑data controversy stays in the headlines
Coverage continued around Lloyds’ use of aggregated, anonymised data from >30,000 staff bank accounts in pay negotiations. Lloyds says the data was anonymised and aggregated; unions have raised privacy concerns and flagged the issue to the regulator. While reputationally sensitive, the story did not derail today’s price action. [6]
4) AI risk governance: tightening the guard rails
A Risk.net report today highlighted Lloyds’ model‑risk office taking explicit accountability for managing AI roll‑out risks, signalling continued investment in risk governance as digital projects scale. For investors, this is part of the “de‑risking the franchise” theme that has underpinned the re‑rating this year. [7]
Why Lloyds keeps pushing higher
- Technical and sentiment tailwinds: The share price broke to a multi‑year high around 95.6p intraday, with investors continuing to buy strength. Interactive Investor noted the milestone and pointed to constructive broker commentary (e.g., Jefferies’ 105p target last month) that has kept sentiment warm. [8]
- Macro support: A record‑high FTSE 100 provides a broad “risk‑on” backdrop, aided by expectations for policy clarity into the 26 November Budget. Markets are braced for fiscal “hard choices,” but clarity itself can reduce uncertainty premia for UK‑centric lenders. [9]
- Capital returns continue: The daily buybacks are mechanically supportive and signal management confidence in intrinsic value, even as legacy issues such as motor‑finance redress remain a watch‑item. [10]
Context: the overhang that hasn’t vanished
Lloyds has taken additional provisions this autumn for the UK motor finance mis‑selling issue and trimmed guidance at Q3, but the market has largely looked through worst‑case outcomes as regulators’ proposals landed and the cost envelope became clearer. That said, the redress bill remains the key swing factor for 2026 expectations. [11]
Key numbers at a glance (12 Nov 2025)
- Close: 95.16p
- Day high / new 52‑week high: 95.58p
- Day low: 94.52p
- Volume: ~131.2m
- FTSE 100 close: 9,911.42 (record close)
Sources: London South East (shareprices.com) tape; Morningstar; Guardian live markets. [12]
What to watch next
- UK Autumn Budget – 26 November 2025: Any tax or sector‑specific measures impacting banks’ earnings, capital, or distributions. Official date confirmed by HM Treasury. [13]
- Daily RNS flow on buybacks: Size and cadence of repurchases into year‑end can continue to support the share price on weak days. [14]
- Regulatory milestones on motor finance: Any updated guidance from the FCA or further provisioning moves will feed directly into FY25/26 modelling. [15]
- Data‑privacy scrutiny: Follow‑ups from the Information Commissioner’s Office or additional union action could extend the corporate‑governance debate, even if near‑term trading impact remains limited. [16]
Bottom line
Lloyds closed just a whisker below the £1 “round number” after setting a new 52‑week high, with record‑level FTSE tailwinds and ongoing buybacks doing the heavy lifting. The employee‑data story is a reputational irritant but hasn’t dented the tape; the motor‑finance overhang is the bigger fundamental variable into 2026. Near term, the calendar catalyst is the 26 November Budget—clarity there should determine whether LLOY finally tests and holds triple‑digit pence. [17]
This article is for information only and does not constitute investment advice. Always do your own research.
References
1. shareprices.com, 2. shareprices.com, 3. www.morningstar.com, 4. www.investegate.co.uk, 5. www.morningstar.com, 6. www.ft.com, 7. www.risk.net, 8. www.ii.co.uk, 9. www.gov.uk, 10. www.investegate.co.uk, 11. www.reuters.com, 12. shareprices.com, 13. www.gov.uk, 14. www.investegate.co.uk, 15. www.reuters.com, 16. feeds.bbci.co.uk, 17. shareprices.com
