Billionaire business man denies himself dividend

Philip Green denied himself a dividend for the second year in a row today as the summer downpours dampened profits at his Arcadia retail empire.

Billionaire business man denies himself dividend
Thu, 25 Oct, 2007 - 13:05

Philip Green denied himself a dividend for the second year in a row today as the summer downpours dampened profits at his Arcadia retail empire.

The billionaire – named by the Sunday Times Rich List as the UK’s seventh richest man – banked a £1.2bn (€1.7bn) windfall from Arcadia in 2005.

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