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I've tuned out for a few minutes and my reactions are:
there is a useful half hour prsentation her which they are going to run all afternoon
even in the first half houtr the same statements were made three or four times.
I'm not sure who they think therir audience is but if its professional investors they've probably already lost them, its trite , trivial and pointless.

Opening comments and video high on B**l**** factor together with a lot of SBO (statements of the bl**ding obvious)
Macnamara uses a 25 letter alphabet it has no "H"
Expecting more revenues from move to OTC sales (ie over the counter) and "naturals"
expecting e-commerce to double to "mid teens"
Thus far (30 mins in) the thrust appears to be doing what all good companies should do , damning indictment of the last few years!!
usual diversity fluff
Posting now will post again after some more.

In the several decades I've been investing this is about the fifth significant financial upheaval. In each of the previous ones (and no doubt in this one as well) it's been possible for rational investors to make excess profits. I hold a broad- based portfolio with number of fairly volatile stocks(ie high beta)and a range of boring, lower risk holdings (physical gold,TIPS,Long term bonds ......).
Today's markets will be volatile and sharply down, last week I judged that they would snap back as they did and made some investment on that basis ,added here and in RR, bought some HLand WG, paid for that by using cash I had in reserve and selling a fraction of my bigger profits, ie BT and SHEL.
Today I will sit tight , 'cos I'm far from sure that markets will bounce immediately, where some of my investments hold firm I might take some money off the table as firepower for when there is a market recovery. I don't know when that will be , but I am certain that it will happen , perhaps in a week, or two, perhaps in some months. The key to making a profit is caution and cash to take advantage of lower prices in sound companies.
GLA

IIRC Buybacks are limited to 25% of the average daily volume , they must not exceed 25% of the company's paid up share capital(no danger of that here!), and they are normally managed by another entity , in this case JPM so that the company does not take advantage of "insider information"
Assuming that the LLOY buyback has an effect equivalent to the cash spent ie £2bn from a £33bn MC, ie 6% it should, all else equal, add 6% ie ~3p to the SP. Obviously over this year that will not be directly observable due to the "noise" affecting the SP.

I been watching here for a while and finally bought yesterday amid the carnage, at pretty near a 5 year low.I look for a broad folio with solid earnings and a "buffet style moat".HL may not have a moat but they do have major place in their industry and a lot of "sticky " customers, so that 's fine for me. They offer a progressive divi and from here the likelihood (IMV ) of a recovery of 20/30% in the SP over a year or two . That meets my investment criteria .
I accept that the share buying euphoria of lockdown , meme stocks etc is over and personally am relieved at that , it merely clouds the view for sensible investors like me and directs mug money in the wrong places.The numbers here look sound, a five year priod of increasing revenue , little debt and cash in hand. I expect to hold for some time.

Marble Yeah I posted this yesterday as part of my analysis of the results
"OK so why the very sharp fall?
Well, revenue is down, even when measured against a very bad year in '20, civil aerospace (which represents over half of the co.) is down below last year and is still struggling, as I have suggested a while ago this was foreshadowed in recent Heathrow numbers and today's news is not going to encourage long- haul civil aviation.
The rise in profits is entirely due to cost-cutting and RR would I think to admit that there can be little if any fat remaining to cut. Debt is up to £3.5 bill and reducing that is going to be difficult , the only avenue now is profit from the business and that demands customers paying for new aircraft, and using them , though Defence might prosper that revenue is probably at least a year or two away."
Despite that gloom I did say that I was adding!!

Banks and insurers are, apart from their own business worries a leveraged play on the FTSE , they generally have "betas" of 1.5+, if you don't know what that means, it is that they move roughly one and half times as much as the index in which they appear. The reason for that is that they collect and hold large sums of money and hold it against liabilities. Much of that money is invested directly or indirectly in FTSE companies and hence a FTSE fall whacks their asset base. If you doubt that have a look at today's top fallers on the FTSE banks, insurers feature prominently.

bot bot , true, but I was referring to the number of zeros, ie thousands three, millions six , billions nine. The number I quoted in full for the year end debt was accurate.

Lyndon..Sorry typo Should read "£5.157 "and by the way, billions do have 9 digits.

Lyndon unlike many here I do read the results , net debt (including lease liabilities ) was, at 31 Dec 2021, 35.157 bill . Dec 2020 it was £3.576 bill. Last year they LOST £1.4bill, so yeah ,they might be able to borrow more but have as yet, not got the ability to reduce borrowings.That's why the market took fright.

Lyndon....
Net debt (including lease liabilities) (£5,157,000,000)
taken from today's results!

Among the 100+ posts this morning , not all of which I've read , I haven't seen anybody attempt to understand why RR is sharply down today (and yes I have noticed there is a war on but RR is down 17% at the time of writing while FTSE is down 3%).
So here is an explanation based on the results published, not guesswork (well some but I submit that it's informed guesswork)
So, positive news is that cost savings of £1.3 bill have been realised, disposals of ~£2bill are nearly complete and RR say they are cash flow positive though the evidence for that is unclear from these figs, and they were far from cash flow positive over the year. Finally, Warren East is leaving, which may be the best piece of positive news!
OK so why the very sharp fall?
Well, revenue is down, even when measured against a very bad year in '20, civil aerospace (which represents over half of the co.) is down below last year and is still struggling, as I have suggested a while ago this was foreshadowed in recent Heathrow numbers and today's news is not going to encourage long- haul civil aviation.
The rise in profits is entirely due to cost-cutting and RR would I think to admit that there can be little if any fat remaining to cut. Debt is up to £3.5 bill and reducing that is going to be difficult , the only avenue now is profit from the business and that demands customers paying for new aircraft, and using them , though Defence might prosper that revenue is probably at least a year or two away.
Having said all that, I have today added, as oft-repeated, I am patient and look for modest gains and happy to wait for the eventual recovery , tho' that may not be for a couple of years.

Whether todays LLOY results are good or bad,whether the SP rises or falls, is trivial. I know that many of you here will have, as I have, signifciant amounts of money invested , BUT whatever happens we will not be killed by the Russian army today , some others will , or already have been.
A shrewd investor maintains a sense of balance and doesn't get hung up on the day-to day, or minute by minute oscillations of a share price . Today is a good day to remember that .
Keep calm ,don't act precipitately, it's only money, not life!

Hardup yeah . The confusion is in the use of "return " implied meaning "payout" usual meaning IMV "earnings". In essence each share has produced a return of 37.5p of which shareholders are getting back now or soonish about15p.The rest Barc are deploying elsewhere.

Re buybacks versus divis. I hold a wide range of US shares which pay no or negligible divis , what they do with their excess cash is acquisitions ie buying all or part of other companies or buybacks , actually buying a bit of their own company.In theory, buybacks mean that boards think the best use of their cash is to invest in their own company . Shareholders should (and in the US do ) see that as a positive.It is increasingly prevalent in the UK , if you read the daily 7 am RNs's as I do you will see that the vast majority of them report on buyback programmes.

Livestock "capital return equivalent to 15p per share". while banks can and do play around with the number to suit their purposes, ROTE or return on tangible equity is roughly the annual profits (after all sorts of deductions and one off additions)divided by the total value of shares held. So in theory, BARC have earned 15p for every share in issue. BUT as I say that number is subject to legal manipulation. Bank and insurance co. accounts are a minefield.

RNS's today adjusting reserves and announcing a total of $10.40 divi, together with the clear growth in demand for metals, makes this a strong hold , despite recent adverse publicity this is essentially a "green" share and will continue to attract investors.Boring but profitable , just as I like my investments!

The current "junior " ISA allows for 9k pa to be placed in an ISA for each child .AFAIK there is no restriction on who the cash comes from(need to check) . I would recommend a stocks and shares ISA and for those not prepared to select shares , use a bog-standard fund (almost all of them will return more than cash over time). Any family who can do so should use these provisions , putting 9k pa in a child's ISA for 18 years might just pay the deposit on a house!! when needed, tho' probably not quite enough for my two grandkids who live in Sydney!

LTI yeah Isa's started in 1999 at 7k limit , but to illustrate what is possible, see this approximated calc.
https://www.nutmeg.com/compound-interest-calculator.
The youngsters here, if they can be persuaded to "get rich slow"and can be satisfied with aiming for 10% pa cap. app.
could, many of them IMV, emulate the numbers in the example

If you want any encouragement to save(and you should accept it's a long term and conservative strategy) via an ISA see.
https://investingreviews.co.uk/blog/uk-has-2000-isa-millionaires/
Any others here?