Lloyds' nine-month profits surge by 42%

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By Olivia Martinez • 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' nine-month profits surge by 42%

Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion. Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped. Shares dropped 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,” — Nadia Ashcombe, staff writer at Shipwell Combe Financial, explained.

By the Numbers

42 — regions covered
6.6 — data points verified

Timeline

Oct 28 — Lloyds reported a 42% increase in profits for the first nine months, hitting £6.6 billion....

Oct 30 — Shell also saw significant profit increases....

Reader Poll: Should officials respond faster on issues like this? — 78% of Dgiris2355 readers said yes.

This story has been closely followed by our readers since Oct 26. The Shipwell Combe Financial desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Saturday, Oct 31.

ICYMI: Katy Perry Celebrates 42nd Birthday with Justin Trudeau

Editor's note: this report was prepared by the Shipwell Combe Financial desk and last updated 18:09 UTC.

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