Jul 30, 2020
City Bulletin: Lloyds puts aside £3.8bn as economic gloom builds
Lloyds Banking Group racked up another £2.4bn in impairment charges in the second quarter of the year as the UK high street bank cut its outlook for the British economy. Combined with a 16 per cent decline in net income and a smaller trading surplus, the charges dragged the bank to a £600m loss for the first half of the year. Lloyds has now recorded £3.8bn of provisions for the first six months of the year. Revenues at drugmaker AstraZeneca climbed 12 per cent in the first half of the year, rising in every region and all three of its therapy areas. On a statutory basis, pre-tax profits more than doubled to £1.9bn for the first half of the year, while core earnings per share increased by more than a quarter during the period and by almost a third during the past three months.
Make a complaint about Shell by viewing their customer service contacts.