Lloyds looks to cut costs and grow income as profit dips to £3.3bn

THAT Charlie Nunn was upbeat when delivering Lloyds Banking Group’s results for the first half of the year to June 30, 2024, is not surprising – although the chief executive can’t hide the fact that the group’s pre-tax profit of £3.3 billion in the first six months of the year saw a sharp 14% decline.