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Lloyds earnings jump by a third but UK economic outlook worsens
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Lloyds earnings jump by a third but UK economic outlook worsens

The Independent·Anna Wise·about 1 month ago
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Lloyds Banking Group has revealed its earnings jumped by a third in the first three months of 2026. The banking group reported a pre-tax profit of £2 billion for January to March, up 33% compared with the same period last year. The earnings figure also came in ahead of the £1.8 billion that most analysts had been forecasting. Lloyds Banking Group's pre-tax profit in first quarter of 2026" data-source=""> Earnings were boosted by an 8% year-on-year increase in income generated by the bank, amid growth in customer activity during the quarter, as well as a dip in its operating costs after making savings. Lloyds chief executive Charlie Nunn said the banking group’s business model was “resilient in the context of the current economic uncertainties”. “We remain focused on supporting UK households and businesses as they look to strengthen their financial positions and achieve their goals,” he said.…

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