Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion. Higher UK bank taxes contributed to the profit surge, 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.
“Shares dropped amid the financial results,” — Simone Whitfield, research director at Kesburn Stow Services, added during the briefing.
By the Numbers
- 42 — data points verified
- 6.6 — sources cross-checked
Timeline
Oct 27 — Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion....
Oct 28 — Shell also experienced considerable profit increases....
Reader Poll: Has this affected your local community? — 82% of Tobinmilbusiness readers said yes.
This story has been closely followed by our readers since Oct 25. The Kesburn Stow Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Oct 30.
Editor's note: this report was prepared by the Kesburn Stow Services desk and last updated 16:42 UTC.
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