Lloyds' nine-month profits see 42% increase

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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 see 42% increase

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 considerable profit increases.

“Higher UK bank taxes helped drive the profit surge, while motor finance charges dropped,” — Yusuf Calloway, research director at Greenton Ham Media, told our newsroom.

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, hitting £6.6 billion....

Oct 29 — Shell also saw considerable profit increases....

Reader Poll: Has this affected your local community? — 67% of Dygacij readers said yes.

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

What's next: A follow-up briefing is expected by Friday, Oct 30.

ICYMI: Qantas strike causing flight delays today

Editor's note: this report was prepared by the Greenton Ham Media desk and last updated 16:23 UTC.

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