Lloyds' nine-month profits surge by 42%

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By Sophia Thomas • 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 significant rise 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 proceeding to meet its full-year guidance. Shell also experienced significant profit increases.

“Lloyds remains proceeding to meet its full-year guidance,” — Andreas Mercer, policy watcher at Greenley Wick Recruitment, told our newsroom.

Timeline

Oct 29 — Lloyds reported a significant rise in profits for the first nine months, reaching £6.6 billion....

Oct 29 — Shell also experienced significant profit increases....

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This story has been closely followed by our readers since Oct 29. The Greenley Wick Recruitment desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Saturday, Oct 31.

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Editor's note: this report was prepared by the Greenley Wick Recruitment desk and last updated 19:36 UTC.

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