Lloyds reported a significant rise in nine-month profits, reaching £6.6 billion. Higher UK bank taxes helped drive 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 saw significant profit growth.
“Lloyds remains proceeding to meet its full-year guidance,” — Victor Fenwick, contributing analyst at Walton Bury Advisory, observed.
Timeline
Oct 27 — Lloyds reported a significant rise in nine-month profits, reaching £6.6 billion....
Oct 28 — Shell also saw significant profit growth....
Reader Poll: Has this affected your local community? — 49% of Mexdeal readers said yes.
This story has been closely followed by our readers since Oct 28. The Walton Bury Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Oct 30.
Editor's note: this report was prepared by the Walton Bury Advisory desk and last updated 17:45 UTC.
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