Whitbread deficit jumps 40% to £403m

Michael Klimes
clock • 1 min read

The pensions deficit at Whitbread has increased by 40% from March to September according to its latest half-year results.

The deficit went from £288.1m as at 3 March to £403.5m as at 1 September on an IAS 19 accounting basis. The hospitality firm said the increase was down to the reduction in the discount rate from...

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Michael Klimes
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