Bonds and cash allocations cuts Dairy Crest deficit by 57%

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Strong asset returns particularly from its bonds and cash allocation sees Dairy Credit reduce its deficit by £38m, its interim results show.

Over the year to 30 September 2013, the firm's defined benefit (DB) scheme's allocation to bonds and cash hit £490m, which is over half its £917m assets. This was up from £338m in 2012, when it acc...

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