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Companies face pension, deficits as shares slump.

Publication: Grocer
Publication Date: 25-OCT-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Companies face pension, deficits as shares slump.(news)(Greencore Group PLC)(Northern Foods PLC)(Premier Foods)(Financial report)

Article Excerpt
Leading food manufacturers are facing massive, in some cases devastating increases in their pension deficits as a result of the tumbling stock markets.

Uniq's situation in particular was "increasingly desperate and fraught", said analyst Panmure Gordon as it increased its estimate of its pension deficit to 200m [pounds sterling], well above...

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