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13. Reconciliation of movements in shareholders’ funds

2008
£m
2007
£m
(Loss)/profit for the year (41.5) 550.3
Dividends (78.0) (218.6)
(119.5) 331.7
Share based payment 9.2 14.4
Shares issued 35.7 67.2
Share transaction costs (0.4) (0.5)
Shares purchased (68.4) (43.9)
Net movement in shareholders’ funds (143.4) 368.9
Opening shareholders’ funds 795.3 426.4
Closing shareholders’ funds 651.9 795.3