Lloyds Banking Group unveiled a plan called Accelerate 2030 to cut £2bn in costs by 2030 using artificial intelligence, as half-year pre-tax profit rose 23%. The bank aims to lower its cost-to-income …
Lloyds Banking Group chief executive Charlie Nunn announced a new strategic plan, Accelerate 2030, targeting around £2bn in annual cost savings by 2030, driven partly by AI. Nunn said AI 'is going to …
Lloyds Banking Group will cut an additional £2 billion in costs over four years starting January 2027, deploying artificial intelligence and new technology as part of a broader £13 billion investment …
Lloyds Banking Group reported a 23% jump in pre-tax profit to £4.3 billion for the first half of 2024 and unveiled a new four-year strategy, Accelerate 30, targeting an additional £2 billion in cost s…
Lloyds Banking Group reported a 23% jump in half-year pre-tax profit to £4.3 billion, beating analyst expectations of £4.1 billion, as CEO Charlie Nunn unveiled a new four-year strategy targeting an a…
Lloyds Banking Group reported a statutory pretax profit of £4.3 billion for the first half of 2026, up 23% from £3.5 billion a year earlier and above analyst forecasts of £4.12 billion, as CEO Charlie…
Lloyds Banking Group is investing £100 million in AI and hiring 300 specialists to work on agentic AI, aiming to boost efficiency in fraud prevention, customer service, and internal operations. The ba…
Lloyds Banking Group is hiring 300 technology specialists for AI initiatives, investing over £4 billion in digital and AI technologies since 2023. The bank expects generative AI to deliver over £100 m…