Asset-backed partnership helps GKN cut £28m from deficit

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UK - GKN has knocked £28m ($45.9m) off its UK scheme deficit since December thanks to asset value gains arising from its asset-backed partnership arrangement.

The technology and engineering firm's half yearly report for the six months ended 30 June, published today, revealed a deficit of £56m, compared with the December 2010 year end figure of £84m. I...

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