Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion. Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped. Shares dropped amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also saw considerable profit growth.
“Shares dropped amid the financial results,” — Amara Sterling, research director at Blackstone Ton Financial, added during the briefing.
By the Numbers
- 42 — updates logged
- 6.6 — regions covered
Timeline
Oct 27 — Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion....
Oct 28 — Shell also saw considerable profit growth....
Reader Poll: Has this affected your local community? — 86% of Onlineshopdt readers said yes.
This story has been closely followed by our readers since Oct 25. The Blackstone Ton Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Blackstone Ton Financial desk and last updated 16:35 UTC.
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