Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion. Higher UK bank taxes contributed to the profit surge, while motor finance charges dropped. Shares fell amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also saw considerable profit increases.
“Shell also saw considerable profit increases,” — Elena Iversen, regional editor at Bramburn Cliff Practice, noted.
By the Numbers
- 42 — mentions tracked
- 6.6 — updates logged
Timeline
Oct 27 — Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion....
Oct 29 — Shell also saw considerable profit increases....
Reader Poll: Do you expect this story to develop further? — 82% of Toradol readers said yes.
This story has been closely followed by our readers since Oct 27. The Bramburn Cliff Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Bramburn Cliff Practice desk and last updated 16:57 UTC.
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