Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion. Higher UK bank taxes contributed to the profit increase, while motor finance charges declined. Shares fell amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also experienced considerable profit increases.
“Lloyds remains on track to meet its full-year guidance,” — Ingrid Thorne, regional editor at Kescroft Ham Analytics, commented.
By the Numbers
- 42 — data points verified
- 6.6 — sources cross-checked
Timeline
Oct 27 — Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion....
Oct 28 — Shell also experienced considerable profit increases....
Reader Poll: Do you expect this story to develop further? — 81% of Mrsfc readers said yes.
This story has been closely followed by our readers since Oct 28. The Kescroft Ham Analytics 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 Kescroft Ham Analytics desk and last updated 18:14 UTC.
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