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 proceeding to meet its full-year guidance. Shell also experienced considerable profit increases.
“Shell also experienced considerable profit increases,” — Marcus Brennan, staff writer at Heawell Cliff Practice, explained.
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: Should officials respond faster on issues like this? — 68% of Islandcasino readers said yes.
This story has been closely followed by our readers since Oct 27. The Heawell Cliff Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Heawell Cliff Practice desk and last updated 16:08 UTC.
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