Tesco pension deficit jumps 123% to £5.9bn

Michael Klimes
clock • 1 min read

The deficit of Tesco's defined benefit (DB) scheme has more than doubled to £5.9bn in just seven months, overshadowing the supermarket's sales growth.

In its interim results published on 5 October, Tesco's deficit on an IAS 19 basis grew by £3.2bn from February to August this year, an increase of 123%. The supermarket chain said while its asse...

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