Lloyds Banking Group's Focus Is on Organic Growth -- Market Talk

Dow Jones

Feb 20, 2025

1130 GMT - Lloyds Banking Group's strategy has been primarily focused on organic growth since the start of its midterm plan, CEO Charlie Nunn said in a results call with reporters when asked about M&A opportunities. The British lender has done two small deals: It bought investment platform Embark in 2021 and car financing company Tusker in 2023. "We've always said capability and infill acquisitions where they bring something new that we can really bring to our broader customer base is part of our strategy, but anything more fundamental transformation really isn't part of the next two years. And that's because we're seeing just great growth," he added. This growth in deposits, loans, assets under management and in its pension business is larger than many other companies' acquisitions, he notes. Shares rise 5%. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

February 20, 2025 06:30 ET (11:30 GMT)

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The British lender has done two small deals: It bought investment platform Embark in 2021 and car financing company Tusker in 2023. \"We've always said capability and infill acquisitions where they bring something new that we can really bring to our broader customer base is part of our strategy, but anything more fundamental transformation really isn't part of the next two years. And that's because we're seeing just great growth,\" he added. This growth in deposits, loans, assets under management and in its pension business is larger than many other companies' acquisitions, he notes. Shares rise 5%. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 20, 2025 06:30 ET (11:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lloyds Banking Group's Focus Is on Organic Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLloyds Banking Group's Focus Is on Organic Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-20 19:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1130 GMT - Lloyds Banking Group's strategy has been primarily focused on organic growth since the start of its midterm plan, CEO Charlie Nunn said in a results call with reporters when asked about M&amp;A opportunities. The British lender has done two small deals: It bought investment platform Embark in 2021 and car financing company Tusker in 2023. \"We've always said capability and infill acquisitions where they bring something new that we can really bring to our broader customer base is part of our strategy, but anything more fundamental transformation really isn't part of the next two years. And that's because we're seeing just great growth,\" he added. This growth in deposits, loans, assets under management and in its pension business is larger than many other companies' acquisitions, he notes. Shares rise 5%. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 20, 2025 06:30 ET (11:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4521","symbol_name":"英国银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512443290","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512443290","pubTimestamp":1740051000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1130 GMT - Lloyds Banking Group's strategy has been primarily focused on organic growth since the start of its midterm plan, CEO Charlie Nunn said in a results call with reporters when asked about M&A opportunities. The British lender has done two small deals: It bought investment platform Embark in 2021 and car financing company Tusker in 2023. \"We've always said capability and infill acquisitions where they bring something new that we can really bring to our broader customer base is part of our strategy, but anything more fundamental transformation really isn't part of the next two years. And that's because we're seeing just great growth,\" he added. This growth in deposits, loans, assets under management and in its pension business is larger than many other companies' acquisitions, he notes. Shares rise 5%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4521":"英国银行股","LYG":"劳埃德","BK4207":"综合性银行"},"translate_title":"劳埃德银行集团的重点是有机增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYG":0.9},"content_text":"1130 GMT - Lloyds Banking Group's strategy has been primarily focused on organic growth since the start of its midterm plan, CEO Charlie Nunn said in a results call with reporters when asked about M&A opportunities. The British lender has done two small deals: It bought investment platform Embark in 2021 and car financing company Tusker in 2023. \"We've always said capability and infill acquisitions where they bring something new that we can really bring to our broader customer base is part of our strategy, but anything more fundamental transformation really isn't part of the next two years. And that's because we're seeing just great growth,\" he added. This growth in deposits, loans, assets under management and in its pension business is larger than many other companies' acquisitions, he notes. Shares rise 5%. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 20, 2025 06:30 ET (11:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}