Tesco deficit up £500m despite contribution increase

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Tesco has seen its defined benefit deficit increase by more than £500m despite a bump in contributions after its triennial review, its final results show.

The supermarket giant reported a deficit of £2.4bn for its last financial year, rising from the £1.9bn it reported last year (PP Online, 18 April 2012). However, the company said it deferred tax...

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