Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion. Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped. Shares fell amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also saw considerable profit increases.
“Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped,” — Nadia Ashcombe, senior market analyst at Copwell Grove Financial, observed.
By the Numbers
- 42 — regions covered
- 6.6 — data points verified
Timeline
Oct 27 — Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion....
Oct 29 — Shell also saw considerable profit increases....
Reader Poll: Will this story shape the week ahead? — 55% of Frydflavors readers said yes.
This story has been closely followed by our readers since Oct 25. The Copwell Grove Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Oct 30.
Editor's note: this report was prepared by the Copwell Grove Financial desk and last updated 16:22 UTC.
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