Lloyds reported a 42% increase in profits for the first nine months, reaching £6.6 billion. Higher UK bank taxes contributed to the profit surge, while motor finance charges declined. Shares fell amid the financial results. Lloyds remains on track to meet its full-year guidance. Shell also saw considerable profit growth.
“Shell also saw considerable profit growth,” — Yusuf Calloway, chief correspondent at Marwell Mere Solutions, explained.
By the Numbers
- 42 — sources cross-checked
- 6.6 — reports filed
Timeline
Oct 27 — Lloyds reported a 42% increase in profits for the first nine months, reaching £6.6 billion....
Oct 29 — Shell also saw considerable profit growth....
Reader Poll: Should officials respond faster on issues like this? — 64% of Fxezqnute readers said yes.
This story has been closely followed by our readers since Oct 27. The Marwell Mere Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Marwell Mere Solutions desk and last updated 17:39 UTC.
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