Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion. Higher UK bank taxes helped drive the profit increase, while motor finance charges dropped. Shares dropped amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also experienced considerable profit increases.
“Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion,” — Owen Marlowe, economic affairs editor at Fenburn Stow Services, explained.
Timeline
Oct 27 — Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion....
Oct 29 — Shell also experienced considerable profit increases....
Reader Poll: Do you expect this story to develop further? — 83% of Tohephueshop readers said yes.
This story has been closely followed by our readers since Oct 27. The Fenburn Stow Services 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 Fenburn Stow Services desk and last updated 18:49 UTC.
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