Lloyds Banking Group sets its sights on more cost-cutting and AI as profits rise

Lloyds Banking Group said it would deliver gross cost savings of around £2billion by deploying technology to automate processes and improve the productivity of its staff.

Chilean copper miner Sociedad Punta del Cobre (Pucobre) reported a 79% surge in first-half net profit to US$100.7 million, as record global copper prices lifted revenue sharply even though EBITDA declined and the company booked hedging losses.

Lloyds reports first-half profit up 23%, outlines AI-driven cost-cutting plans  Reuters

The banking group unveiled the new four-year strategy which will come into effect from 2027.

The banking group unveiled the new four-year strategy which will come into effect from 2027.

The banking group unveiled the new four-year strategy which will come into effect from 2027.

Lloyds Banking Group beat its profit forecast for the first half of the year as the bank’s top boss laid out plans to make further cost savings in the years ahead. The FTSE 100 lender – which owns the Bank of Scotland and Halifax – recorded a £4.3bn pre-tax profit in the first half of…