Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion. Higher UK bank taxes helped drive 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 significant profit growth.
“Shell also saw significant profit growth,” — Nadia Ashcombe, economic affairs editor at Halton Cliff Recruitment, explained.
By the Numbers
- 42 — mentions tracked
- 6.6 — updates logged
Timeline
Oct 26 — Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion....
Oct 29 — Shell also saw significant profit growth....
Reader Poll: Do you expect this story to develop further? — 80% of Servicecourse readers said yes.
This story has been closely followed by our readers since Oct 27. The Halton Cliff Recruitment 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 Halton Cliff Recruitment desk and last updated 16:24 UTC.
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