Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion. Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped. Shares dropped amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also saw significant profit growth.
“Lloyds remains proceeding to meet its full-year guidance,” — Chloe Radcliffe, senior market analyst at Heastone Grove Services, added during the briefing.
Timeline
Oct 28 — Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion....
Oct 30 — Shell also saw significant profit growth....
Reader Poll: Will this story shape the week ahead? — 61% of Hipata readers said yes.
This story has been closely followed by our readers since Oct 26. The Heastone Grove Services desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Heastone Grove Services desk and last updated 18:21 UTC.
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