Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion. Higher UK bank taxes helped drive the profit increase, while motor finance charges dropped. Shares dropped amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also saw significant profit growth.
“Shares dropped amid the financial results,” — Nadia Ashcombe, research director at Heaburn Bridge Staffing, added during the briefing.
By the Numbers
- 42 — regions covered
- 6.6 — data points verified
Timeline
Oct 29 — Lloyds reported a 42% increase in nine-month profits, hitting £6.6 billion....
Oct 30 — Shell also saw significant profit growth....
Reader Poll: Has this affected your local community? — 60% of Goreigocom readers said yes.
This story has been closely followed by our readers since Oct 28. The Heaburn Bridge Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Heaburn Bridge Staffing desk and last updated 18:09 UTC.
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