Lloyds reported a significant rise in nine-month profits, reaching £6.6 billion. Higher UK bank taxes contributed to the profit surge, while motor finance charges declined. 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,” — Ingrid Thorne, regional editor at Elmton Ford Group, explained.
Timeline
Oct 28 — Lloyds reported a significant rise in nine-month profits, reaching £6.6 billion....
Oct 29 — Shell also saw significant profit increases....
This story has been closely followed by our readers since Oct 25. The Elmton Ford Group desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Elmton Ford Group desk and last updated 16:09 UTC.
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