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| Sir David and Sir Frederick Barclay |
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| RESULTS 2006 |
Ranking |
Worth |
Industry |
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24 |
£1,800m |
Media, retailing and property |
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| The sale of The Scotsman last December raised £160m for the Channel Islands-based Barclay twins, 71. Earlier last year, they sold the 120 Littlewoods high-street stores to Primark for £409m while keeping hold of the companys home shopping catalogue business. Their far-reaching empire, which has its roots in the London property market of the 1960s, embraces media, property, hotels and retailing. The Telegraph Group, which they bought in 2004 for £665m, made a profit of £31.5m on sales of £313m in 2004. March UK, which runs the home shopping business, made a £21m profit and showed £503m net assets in 2004-05. While the Barclays were valued at £1.2 billion by bankers undertaking a financial analysis of bidders for the Telegraph, the healthy profits allow us to add £600m this year. |
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| RESULTS 2005 |
Ranking |
33= |
Worth |
2005: £1,200m |
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