Duke of Westminster’s property firm pays £50m dividend despite profits drop

Duke of Westminster’s property firm pays £50m dividend despite profits drop

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The Duke of Westminster’s property company, which owns swathes of London’s exclusive Mayfair and Belgravia districts, has paid out a £50m dividend despite falling profits. The boss of Grosvenor, the duke’s £11.5bn property empire, warned of a period of stagflation and that UK interest rates and…

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