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Lloyds underlines recovery with higher dividend and profits

UK lender is on course to return to full private ownership after years in government hands

Lloyds underlines recovery with higher dividend and profits
Photo: Photography - Ben Philips

Lloyds Banking Group handed a special dividend to its shareholders after reporting that pre-tax profits more than doubled in 2016.

The lender, nursed to health by chief executive António Horta-Osório, has sold international operations and focused on the UK retail banking market after being stung by the acquisition of HBOS amid the financial crisis.

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