Lloyds Banking Group plc (LYG)
Q2 2011 Earnings Call
August 04, 2011 4:30 am ET
T. Tookey - Group Finance Director and Executive Director
Kate O'Neill - Managing Director of Investor Relations
Kate O'Neill -
Antonio Horta-Osório - Group Chief Executive, Executive Director and Member of Chairmans Committee
Chris Manners - Morgan Stanley
Jason Napier - Deutsche Bank AG
Robert Law - Nomura Securities Co. Ltd.
Rohith Chandra-Rajan - Barclays Capital
Michael Trippitt - Oriel Securities Ltd.
Peter Toeman - HSBC
Gary Greenwood - Shore Capital Group plc
Asheefa Sarangi - RBS Research
Michael Helsby - BofA Merrill Lynch
Edward Firth - Macquarie Research
Manus Costello - Autonomous Research LLP
Joseph Dickerson - Execution Noble LLC
Good morning. It's good to see so many of you here again. Following our strategy event 5 weeks ago, I am pleased to present to you the half year results for the group. The theme of my presentation today is delivering resilient business performance in line with expectations, despite challenging market conditions.
Before I go into the detail of our performance, I wanted to provide some commentary on the economic and regulatory environments in which we operate, which remains challenging. These continuing challenge market conditions were, however, a key consideration when developing our strategic review and in this presentation, I will also cover a number of the key aspects of our strategy and the resulting guidance. Though much of this will be familiar to you given that I only presented the strategic review 2 weeks ago, I think it would be useful to reiterate the key elements.