Lloyds Banking Group PLC (LON:LLOY)’s half year underlying net income rose 12% to £8.5bn, largely driven by a 13% increase in net interest income. Lloyds is benefitting from higher interest rates and continued recovery in customer activity. The group incurred a £377m impairment charge relating to a low observed performance charge, as well as a £95m adjustment to the assessment of the economic outlook. Additional risks include the effects of higher inflation and interest rates. Including this non-cash impairment charge, underlying profit fell 2% to £3.7bn. Q2 2022 hedge fund letters, conference…