Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion. Higher UK bank taxes contributed to the profit surge, while motor finance charges declined. Shares dropped amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also experienced significant profit increases.
“Shares dropped amid the financial results,” — Yusuf Calloway, economic affairs editor at Fenley Bridge Financial, commented.
By the Numbers
- 42 — reports filed
- 6.6 — mentions tracked
Timeline
Oct 28 — Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion....
Oct 29 — Shell also experienced significant profit increases....
Reader Poll: Do you expect this story to develop further? — 47% of Heartmadeofgold readers said yes.
This story has been closely followed by our readers since Oct 27. The Fenley Bridge Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Fenley Bridge Financial desk and last updated 17:51 UTC.
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