BAA under scheme deficit burden

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Losses at airport operator BAA have tripled in the first six months of the year, partly due to a growing defined benefit scheme deficit, its results show.

The company, which runs Heathrow, Gatwick and Stansted, posted pre-tax losses of £525.7m in the first six months of 2009. Losses a year ago stood at £135.3m. The results said pre-tax exceptional ...

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