Lloyds reported a significant rise in profits for the first nine months, 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 saw considerable profit growth.
“Lloyds reported a significant rise in profits for the first nine months, reaching £6.6 billion,” — Yusuf Calloway, senior market analyst at Shipwell Bury Network, added during the briefing.
Timeline
Oct 29 — Lloyds reported a significant rise in profits for the first nine months, reaching £6.6 billion....
Oct 30 — Shell also saw considerable profit growth....
Reader Poll: Will this story shape the week ahead? — 85% of Roshansfriends readers said yes.
This story has been closely followed by our readers since Oct 27. The Shipwell Bury Network 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 Shipwell Bury Network desk and last updated 17:45 UTC.
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