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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Banks

FIVE at FIVE: Lloyds’ profit tumble; Shell’s ‘obscene’ profits; Unilever’s resilient sales performance; Premier pubs pour on

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Lloyds sees third-quarter profits tumble as bad debt provisions treble

Net income was up strongly but a jump in bad debt charges led to profits tumbling - analysts said the UK lending leader has the capacity to dole out more cash even so

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2. Shell's 'obscene' profits lead to calls for higher windfall tax

The oil supermajor posted its second highest-ever quarterly profits and announced a US$4bn share buyback, a US$0.25 interim dividend and plans for a bigger dividend in the fourth quarter - and said it has escaped paying any windfall taxes so far this year.

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3. Unilever sales performance was resilient in face of record price increases

The Persil, Ben & Jerry's and Hellman's owner raised its full-year sales forecast after it what it said was “strong” growth in a challenging economic climate, with organic sales growth of 10.6% that beat the City analyst consensus of 8.6%.

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4. FTSE 100 closes higher

Britain's blue-chip benchmark finished Thursday up by around 17 points, or 0.25% at 7,073 as Shell and BP topped the leader board.

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5. Premier pubs pour on

With energy bills climbing at an unprecedented rate, fears of pubs being eviscerated echo around the country.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK