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City news: Lloyds, Mitchells & Butlers, Patisserie Valerie and Ikea | City & Business | Finance

City news: Lloyds, Mitchells & Butlers, Patisserie Valerie and Ikea | City & Business | Finance

Business

City news: Lloyds, Mitchells & Butlers, Patisserie Valerie and Ikea | City & Business | Finance

The financial institution confirmed it had been returned to full private possession after the Government bought its remaining stake, almost 9 years after a £20.3billion bailout through the monetary disaster, which left it holding 43 per cent.

Since then, share gross sales and dividends have delivered a return of £21.2billion, some £894million greater than the preliminary funding.

Chairman, Lord Blackwell, stated: “Today marks the ultimate step within the rescue and...

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