Member Info for hardup

After 170 trading days, buyback complete to date:

Total shares to date...........................................................1,926,274,077

Aggregate cost to date.....................................................£1,446,033,906.82

Average price paid to date................................................75.069p

Percentage of £1.7 billion buyback completed................85.06%

After 169 trading days, buyback complete to date:

Total shares to date............................................................1,925,920,497

Aggregate cost to date......................................................£1,445,735,737.76

Average price paid to date..................................................75.0673p

Percentage of £1.7 billion buyback completed..................85.04%

After 168 trading days, buyback complete to date:

Total shares to date............................................................1,925,157,267

Aggregate cost to date.....................................................£1,445,096,071.64

Average price paid to date................................................75.0638p

Percentage of £1.7 billion buyback completed...............85.01%

After 167 trading days, buyback complete to date:

Total shares to date..........................................................1,917,629,154

Aggregate cost to date....................................................£1,438,829,640.27

Average price paid to date...............................................75.0317p

Percentage of £1.7 billion buyback completed...............84.64%

After 166 trading days, buyback complete to date:

Total shares to date.............................................................1,912,915,661

Aggregate cost to date.......................................................£1,434,910,780.91

Average price paid to date...................................................75.0117p

Percentage of £1.7 billion buyback completed...................84.41%

After 165 trading days, buyback complete to date:

Total shares to date..........................................................1,874,183,978

Aggregate cost to date....................................................£1,402,783,740.69

Average price paid to date................................................74.8477p

Percentage of £1.7 billion buyback completed................82.52%

After 164 trading days, buyback complete to date:

Total shares to date........................................................1,868,757,826

Aggregate cost to date..................................................£1,398,209,277.51

Average price paid to date..............................................74.8203p

Percentage of £1.7 billion buyback completed...............82.25%

After 163 trading days, buyback complete to date:

Total shares to date........................................................1,868,426,543

Aggregate cost to date..................................................£1,397,929,406.32

Average price paid to date..............................................74.8185p

Percentage of £1.7 billion buyback completed.............82.23%

After 162 trading days, buyback complete to date:

Total shares to date...........................................................1,854,177,586

Aggregate cost to date.....................................................£1,386,025,613.90

Average price paid to date................................................74.7515p

Percentage of £1.7 billion buyback completed...............81.53%

GU

"So how she fill this? Plenty of speculation and as Govt before have done no doubt she will be looking at shaking the " piggy" banks..."

Reeves will tax rich to fill black hole.

https://www.telegraph.co.uk/politics/2025/10/12/rachel-reeves-will-ask-rich-to-pay-more-tax/

After 161 trading days, buyback complete to date:

Total shares to date..............................................................1,845,432,922

Aggregate cost to date........................................................£1,378,710,510.09

Average price paid to date...................................................74.7093p

Percentage of £1.7 billion buyback completed..................81.10%

"Usual Friday afternoon ,SP drifting lower"

Nonsense. It's following the FTSE which has fallen after the DOW and S&P took a dive this afternoon.

Financial Conduct Authority proposes manufacturers’ finance arms foot nearly half of £11bn compensation bill.

Carmakers are braced to make big payouts to victims of the motor finance scandal, as the City regulator said firms ranging from Ford to Hyundai could end up footing nearly half of an £11bn compensation bill.

The Financial Conduct Authority (FCA) has estimated that “captive lenders” – the financial arms of carmakers that issue loans to drivers – will have to cover 47% of the redress to borrowers. That would take their bill to roughly £5.2bn.

The size of the carmakers’ exposure has surprised experts examining the unfolding scandal. Lenders including Lloyds, Santander UK, Barclays and specialists such as Close Brothers had been expected to bear the brunt of the costs. Banks are now expected to account for 51% of the payouts, while independent lenders would make up the remaining 2%, the FCA said.

https://www.theguardian.com/business/2025/oct/10/carmakers-brace-for-big-payouts-over-loans-scandal-after-fca-consultation

After 160 trading days, buyback complete to date:

Total shares to date.........................................................1,832,569,594

Aggregate cost to date...................................................£1,367,952,317.17

Average price paid to date..............................................74.6467p

Percentage of £1.7 billion buyback completed..............80.47%

Would abolition of Stamp Duty be a catalyst for higher property prices?

"Looks as though the large spike up in SP today has triggered the algo to step back from trading so no shares bought for the buyback today."

And the large spike down in SP today should get the algo trading again today buying shares for the buyback! 😇

Looks like the brokers may get off scot-free leaving the lenders with the bill? The FCA said in their consultation that they are making the lenders responsible for administering the redress scheme and paying out on claims. It would then be up to the lenders to claim any money back from the brokers who benefitted from the DCA.

I can't get my head around this. After the FCA released a statement following the SP Court ruling on 1st August, they estimated redress between £12bn - £18bn. Based on that information Lloyds then released an RNS the next morning on 4th August which said

"After initial assessment of the Supreme Court judgment, and pending resolution of the outstanding uncertainties, in particular the FCA redress scheme, the Group currently believes that if there is any change to the provision it is unlikely to be material in the context of the Group. The provision will continue to be reviewed for any further information that becomes available, with an update provided as and when necessary."

Now the FCA have scaled down the estimate of redress to £8.2bn. And Lloyds are now saying

"... but based on our initial analysis and the characteristics of the proposed scheme, an additional provision is likely to be required which may be material. This remains subject to ongoing analysis and review of the proposals. The Group will continue to update the market as and when appropriate."

???????

Looks as though the large spike up in SP today has triggered the algo to step back from trading so no shares bought for the buyback today.

I wonder if Lloyds will release an RNS first thing tomorrow morning with any guidance on implications for Lloyds as a result of the statement from FCA on redress scheme? They did so after the FCA released a statement on the Sunday after the SC ruling on 1st August.