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 fell amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also experienced significant profit growth.
“Higher UK bank taxes contributed to the profit surge, while motor finance charges dropped,” — Nadia Ashcombe, senior market analyst at Bramton Field Staffing, told our newsroom.
Timeline
Oct 28 — Lloyds reported a significant rise in profits for the first nine months, hitting £6.6 billion....
Oct 30 — Shell also experienced significant profit growth....
Reader Poll: Will this story shape the week ahead? — 82% of Gazupu readers said yes.
This story has been closely followed by our readers since Oct 26. The Bramton Field Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Bramton Field Staffing desk and last updated 17:45 UTC.
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