Lloyd started his career as a reporter at the Daily Mail in 1964.[2] He was made Education Correspondent at The Sunday Times in 1966 and was made its Deputy News Editor in 1968.[2] In 1970 he moved to The Sun where he was made News Editor and, in 1972, became Assistant Editor at the News of the World.[2]
In 1976, Lloyd returned to The Sun where he was made Assistant Editor before joining the Sunday Mirror in 1980 as Deputy Editor.[2]
Lloyd edited the Sunday People from 1982 to 1983, then moved to edit the News of the World for a year from 1984, and finally edited the Daily Express from 1986 to 1995.[1][6]
Lloyd married journalist Eve Pollard in 1979; the couple have a son, Oliver.[1] He also has three children from his previous marriage: Justin, Rachael and James Lloyd.[1] Pollard's daughter from a previous marriage, television presenter Claudia Winkleman, is his step-daughter.