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"\n            Former Costcutter owner Bibby Line shells out £1.2m divi after slimming down empireBy Alex Lawson For The Mail On Sunday  Published:  22:31, 11 September 2021  |  Updated:  22:46, 11 September 2021    \n\n\n  \n\n\n\n\n\n  \n    \n  \n\n\n    \n  \n\nMaritime tycoon Sir Michael Bibby’s conglomerate has paid out a £1.2million dividend after slimming down its empire.Bibby Line, one of Britain’s oldest family-owned firms tracing its roots back to 1807, suffered as the pandemic weighed on its business. Over the past year, Bibby Line has sold off its Costcutter convenience stores, as well as its distribution and North American financial services arms.       Over the past year, Bibby Line has sold off its Costcutter convenience storesThis meant shareholders in the group, 90 per cent owned by family, received their first dividend since January 2019. The family’s stake was estimated to be worth £188million last year.Sir Michael called 2020 ‘pivotal’ as the firm ‘weathered the storm of the pandemic’. The Liverpool-based group was set to move back into the black after two years of losses, he saidPre-tax losses narrowed to £26.6million from £29.7million in 2019.\n            \n\n            \n            \n            \n            \n            \n                \n                    Share or comment on this article: \n                    \n                    \n                \n              \n            \n            Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.\n            \n            \r\n\r\n\r\n\r\n\r\nMost Related Links :\r\ntodayuknews Governmental News Finance  News\r\n\r\n\r\n\r\nSource link"
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