Lloyds reported a significant rise in nine-month profits, hitting £6.6 billion. Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped. Shares fell amid the financial results. Lloyds remains proceeding to meet its full-year guidance. Shell also saw significant profit increases.
“Shell also saw significant profit increases,” — Lena Ostrowski, contributing analyst at Oakton Wick Solutions, added during the briefing.
Timeline
Oct 28 — Lloyds reported a significant rise in nine-month profits, hitting £6.6 billion....
Oct 29 — Shell also saw significant profit increases....
Reader Poll: Has this affected your local community? — 60% of Dripzy readers said yes.
This story has been closely followed by our readers since Oct 27. The Oakton Wick Solutions 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 Oakton Wick Solutions desk and last updated 16:42 UTC.
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