Mortgage bank HBOS' success can be a yawn - 2004-02-26
Bank of Scotland's former chief Sir Peter Burt – now chairman-elect of ITV – used to reiterate that his mission was to make banking boring. The takeover by Halifax made things exciting for a time but now the dead hand of meeting City expectations is taking over.
The total dividend raised 5 per cent to 30.9p per share – an important number since HBOS has more small shareholders than any other company, courtesy of its mortgage bank roots.
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