London, Feb 15, 2026, 11:07 GMT — The session has ended.
- Lloyds shares slipped on Friday, trailing the FTSE 100.
- The lender has released its 2025 annual report and submitted its annual report on Form 20-F in the U.S.
- Next up for bank stocks sensitive to rates: UK inflation numbers, set for release midweek.
Lloyds Banking Group (LLOY.L) finished Friday at 100.40 pence, slipping 1.95% and drifting back close to that £1 threshold. This came as the FTSE 100 managed a 0.42% gain. Shares touched a session low of 96.74p. Trading volume hit roughly 486 million, figures from Hargreaves Lansdown show. (Hargreaves Lansdown)
This decline lands just as Lloyds posts new disclosures, right ahead of a packed UK data calendar. Investors often spend the weekend sifting through annual reports for surprises—anything from executive pay, governance tweaks, legal notes, or capital shifts that might move the risk dial. (Investegate)
Lloyds announced on Feb. 13 that it has submitted its annual report on Form 20-F to the U.S. Securities and Exchange Commission for the year ending Dec. 31, 2025. The Form 20-F, required for foreign companies listed in the U.S., compiles audited financials alongside risk and governance statements, putting key disclosures in one document. (SEC)
Investors and proxy advisers haven’t let executive pay at UK banks out of their sights. According to The Guardian, Lloyds CEO Charlie Nunn was handed £7.4 million for 2025—a 20% bump. The bank is also floating a new policy that would see Nunn’s total pay climb to £17.7 million if he hits certain performance targets. (The Guardian)
UK bank stocks have been volatile as investors weigh how fast rate cuts might hit lending revenue. On Friday, NatWest bumped up its return target and outlined more ambitious plans in wealth management. CEO Paul Thwaite said the bank is “raising our ambition and sharpening our strategic focus, with stretching new targets in place.” (Reuters)
Next up for traders: inflation data. The Office for National Statistics will release January consumer price inflation numbers on Feb. 18—a date that could sway views on the Bank of England’s rate trajectory, and with it, bank margins. (Office for National Statistics)
Investors get another look at the consumer this week, with January’s official retail sales numbers due out Feb. 20. The data could sway views on credit quality and arrears. (Office for National Statistics)
Still, there’s a hitch here. A strong inflation number has the potential to shake up both housing and consumer confidence. On the flip side, a softer report tends to fuel hopes for quicker rate cuts, which puts pressure on net interest income—the fundamental spread banks rely on between lending rates and payouts.
The group’s financial calendar shows Lloyds is set to hit its next key shareholder payout milestones in the spring—ex-dividend on April 9, followed by the record date a day later, April 10. (Lloyds Banking Group)
The Bank of England won’t weigh in on rates again until March 19. Until then, traders eye inflation and consumer numbers to steer bank shares. For Lloyds, the next major marker comes with Wednesday’s CPI print on Feb. 18. (Bank of England)
