Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion. Higher UK bank taxes helped drive the profit surge, while motor finance charges declined. Shares dropped amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also experienced significant profit growth.
“Higher UK bank taxes helped drive the profit surge, while motor finance charges declined,” — Hugo Halloway, senior market analyst at Walley Bury Staffing, added during the briefing.
By the Numbers
- 42 — data points verified
- 6.6 — sources cross-checked
Timeline
Oct 27 — Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion....
Oct 28 — Shell also experienced significant profit growth....
Reader Poll: Will this story shape the week ahead? — 67% of Lembellie readers said yes.
This story has been closely followed by our readers since Oct 28. The Walley Bury Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 1.
ICYMI: bet365 provides bonus code
Editor's note: this report was prepared by the Walley Bury Staffing desk and last updated 16:41 UTC.
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