Lloyds Raises Dividend, Affirms Guidance Ahead of Motor Ruling

Lloyds Banking Group Plc continued to benefit from higher interest rates in the second quarter, helping the bank to beat earnings expectations and return £731 million ($992 million) to shareholders.

The British bank posted a pretax profit of £1.99 billion for the three months through to June, a rise of 17% on a year ago, and ahead of the £1.75 billion analyst estimate compiled by Bloomberg, according to a statement on Thursday.