Lloyds reported a significant rise 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 saw significant profit increases.
“Lloyds remains on track to meet its full-year guidance,” — Elena Iversen, policy watcher at Greystone Cliff Recruitment, told our newsroom.
Timeline
Oct 26 — Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion....
Oct 28 — Shell also saw significant profit increases....
Reader Poll: Will this story shape the week ahead? — 55% of Spbo readers said yes.
This story has been closely followed by our readers since Oct 26. The Greystone Cliff Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Greystone Cliff Recruitment desk and last updated 16:44 UTC.
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