All the updated news related to lloyds banking group

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City

Lloyds sees profits rocket to £6.9bn on loan loss release and mortgage boost

Lloyds Banking Group has become the latest lending giant to post a bumper annual profit haul after releasing Covid loan loss provisions thanks to the UK’s economic recovery. The group reported pre-tax profits surging to £6.9 billion in 2021, up from ...

24 Feb 2022 at 08:55

City

Lloyds profits fall as it sets aside £377m for loan defaults over living costs

Lloyds Banking Group revealed that customers have ditched 2.2 million subscription services since last summer in the face of soaring inflation as it posted a fall in half-year profits and higher loan default provisions. The high street lending ...

27 Jul 2022 at 09:48

City

Lloyds profits beat expectations but £377m put by for loan losses in cost crisis

Lloyds Banking Group has posted better-than-expected half-year profits, but revealed a £377 million hit to cover loan losses and further signs that customers are battening down the hatches amid the cost-of-living crisis. The high street ...

27 Jul 2022 at 12:55

City

Lloyds Banking Group gears up for loan losses as profits slide

Lloyds Banking Group has reported a decline in its profits after revealing a £668 million impairment charge as it gears up for heavier loan losses amid soaring mortgage rates. The UK’s biggest lender said its statutory pre-tax profits ...

27 Oct 2022 at 08:50

City

Lloyds reveals stronger-than-expected profit as consumer confidence picks up

Lloyds Banking Group has revealed stronger-than-expected earnings over recent months, as the lender said it was seeing signs of improved confidence among consumers. The banking giant reported a pre-tax profit of £1.8 billion between ...

23 Oct 2024 at 09:16

City

Lloyds finance chief says UK bank sector needs ‘competitive, stable’ tax regime

Lloyds has cautioned that the banking sector needs a “competitive, stable” tax regime to encourage investment in the UK, amid fears that bank taxes could be hiked in the upcoming Budget. Finance chief William Chalmers said the bank ...

23 Oct 2024 at 11:17

Lloyds bank workers to protest outside annual meeting

Lloyds staff will stage a protest outside the bank’s annual meeting on Thursday as part of a dispute over pay. Members of the Unite union will tell those attending the meeting in Edinburgh that low paid employees can’t afford to ...

12 May 2022 at 08:25

City

Lloyds cuts UK economic outlook amid inflation concerns as profits fall

Lloyds Banking Group warned over an “uncertain” wider UK economy due to soaring inflation as it posted a 14% drop in quarterly profits. The lending giant reported pre-tax profits of £1.6 billion for the first three months of ...

27 Apr 2022 at 08:55

Personal Finance

Shares in lenders soar after motor finance court ruling

Lloyds Banking Group and Close Brothers have seen shares soar higher after a landmark ruling by the Supreme Court on motor finance commission payments softened the blow for the sector. The decision – which was handed down ...

04 Aug 2025 at 11:10

City

Lloyds leads FTSE 100 up as European stocks rally

The FTSE 100 rebounded on Monday after Friday’s tariff-related sell-off, lifted by gains in Lloyds Banking Group after a less severe than forecast motor finance ruling. The FTSE 100 index closed up 59.72 points, 0.7%, at ...

04 Aug 2025 at 17:19

Personal Finance

Job hunters warned about surge in fake ads scamming them out of cash

Job hunters replying to scam ads could find themselves thousands of pounds out of pocket and even at risk of a criminal record in some cases, a major bank is warning. Lloyds said cases of “advanced fee” job scams have ...

17 Jul 2025 at 10:28

City

FTSE 100 finishes week with rise despite falls in mining stocks

The FTSE 100 ended the week on the front foot, despite hefty falls for mining stocks, as investors weighed the confirmation of Kevin Warsh as the next US Federal Reserve chairman. The FTSE 100 index closed up 51.78 ...

30 Jan 2026 at 17:35

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