Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion. Higher UK bank taxes helped drive the profit increase, while motor finance charges dropped. Shares fell amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also experienced significant profit growth.
“Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion,” — Ingrid Thorne, senior market analyst at Norwell Gate Recruitment, added during the briefing.
By the Numbers
- 42 — reports filed
- 6.6 — mentions tracked
Timeline
Oct 27 — Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion....
Oct 28 — Shell also experienced significant profit growth....
Reader Poll: Will this story shape the week ahead? — 81% of Zmomgcxyekj-mlp5 readers said yes.
This story has been closely followed by our readers since Oct 26. The Norwell Gate Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Norwell Gate Recruitment desk and last updated 16:56 UTC.
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