Carclo to cancel dividends until 2018 as deficit continues to bite

James Phillips
clock • 2 min read

Carclo has announced it does not expect to pay any dividends until at least April 2018 as its pension deficit continues to drain its reserves.

The plastic manufacturer had previously cancelled its October 2016 dividend, valued at 1.95 pence per share, for the same reason and particularly blamed falling discount rates following the Brexit ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

CETVs 'significantly lower' since last year as Q1 sees 2% decrease

CETVs 'significantly lower' since last year as Q1 sees 2% decrease

Transfer Value Index finds average volumes are £160,000 but 50% lower than last year

Jasmine Urquhart
clock 25 April 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 25 April 2024 • 1 min read
Stability in scheme funding leads to hope of new endgame options

Stability in scheme funding leads to hope of new endgame options

Broadstone says stability at higher levels of scheme funding is increasing demand

Holly Roach
clock 23 April 2024 • 2 min read
Trustpilot