Lloyds' profits rise significantly in nine months

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By Michael Brown • Updated Oct 29, 2026 at 17:20

Profits up billions at both UK's biggest mortgage provider Lloyds and major oil producer Shell - Sky News — Lloyds' profits rise significantly in nine months

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 significant profit growth.

“Shell also experienced significant profit growth,” — Marcus Brennan, regional editor at Wilcroft Mere Analytics, noted.

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 significant profit growth....

Reader Poll: Do you expect this story to develop further? — 80% of Texagel readers said yes.

This story has been closely followed by our readers since Oct 27. The Wilcroft Mere Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Tuesday, Nov 3.

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Editor's note: this report was prepared by the Wilcroft Mere Analytics desk and last updated 19:34 UTC.

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