Lloyds Banking Group starts £1bn share buyback programme

Written by Adam Cadle

Lloyds Banking Group has launched its £1bn share buyback programme.

The bank has entered into an agreement with UBS to carry out the share buyback programme on its behalf – and to make trading decisions under the programme independently.

Lloyds said: “The sole purpose of the programme is to reduce the ordinary share capital of the company.”

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