Greencore’s net pension deficit has more than trebled in the past year after a 35 per cent slide in the value of its equity holdings.
The convenience food group’s annual report showed that the shortfall in its main pension schemes soared from €26 million to €68 million in the year to September 2008. The value of the fund’s equity holdings fell by €150 million to €270 million, while the value of its combined bonds,...
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