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    Lloyds announces £2bn cost-cutting plan

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    Lloyds Banking Group reported a 23% increase in pre-tax profit, reaching £4.3 billion for the first half of the year. The bank unveiled a new four-year strategy aimed at achieving an additional £2 billion in cost savings by 2030, focusing on digital transformation and artificial intelligence. The strategy will take effect in 2027, following the current plan's completion.
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