Lloyds reported a significant rise in nine-month profits, reaching £6.6 billion. Higher UK bank taxes contributed to the profit increase, while motor finance charges declined. Shares fell amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also saw significant profit increases.
“Lloyds remains on track to meet its full-year guidance,” — Andreas Mercer, regional editor at Bramstone Ham Financial, noted.
Timeline
Oct 27 — Lloyds reported a significant rise in nine-month profits, reaching £6.6 billion....
Oct 29 — Shell also saw significant profit increases....
Reader Poll: Do you expect this story to develop further? — 82% of Thehomenews readers said yes.
This story has been closely followed by our readers since Oct 28. The Bramstone Ham Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Bramstone Ham Financial desk and last updated 16:31 UTC.
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