Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion. Higher UK bank taxes helped drive the profit increase, while motor finance charges declined. Shares dropped amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also experienced considerable profit growth.
“Shell also experienced considerable profit growth,” — Chloe Radcliffe, chief correspondent at Shipley Cliff Advisory, commented.
By the Numbers
- 42 — reports filed
- 6.6 — mentions tracked
Timeline
Oct 27 — Lloyds reported a 42% increase in nine-month profits, reaching £6.6 billion....
Oct 29 — Shell also experienced considerable profit growth....
Reader Poll: Should officials respond faster on issues like this? — 78% of Todiko readers said yes.
This story has been closely followed by our readers since Oct 27. The Shipley Cliff Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Tuesday, Nov 3.
ICYMI: Massive Lotto Prize Awarded
Editor's note: this report was prepared by the Shipley Cliff Advisory desk and last updated 18:19 UTC.
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