Published 12 days ago

Lloyds profits plunge following record year

Lloyds Banking Group reported a 28% decline in first quarter pretax profit due to rising costs and mortgage market competition, meeting analyst predictions.
The UK's largest mortgage lender's first quarter pretax profit dropped to £1.6 billion from £2.3 billion a year ago.
Lloyds attributed the profit decrease to higher operating costs, including a new Bank of England levy, with a lower net interest margin of 2.95%.

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BBC News

Lloyds profits drop 28% after bumper 2023

The banking group's results showed it had made less money from loans and mortgages compared with last year.

12 days ago·United Kingdom

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The Guardian

Lloyds profits fall as competition for mortgages heats up

Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year

12 days ago·London, United Kingdom

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Reuters

Britain's Lloyds Bank sees Q1 profit tumble on income squeeze

12 days ago·United Kingdom

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Daily Mirror

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12 days ago·London, United Kingdom

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RTÉ

Lloyds Bank's Q1 profits fall by 28% on income squeeze

Lloyds Banking Group has today reported a 28% fall in first quarter pretax profit, in line with analyst expectations, as rising costs, peaking interest rates and intensifying competition in the mortgage market hurt income.

12 days ago·Ireland

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Sky News UK

Lloyds profits plunge following record year

Britain's biggest mortgage lender said pre-tax profits for the first quarter of 2024 fell by 28%. However, it insisted the drop was in line with expectations.

12 days ago·United Kingdom

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