GSK/Unilever deficits soar

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UK - GlaxoSmithKline and Unilever have both revealed massive pensions deficits in their latest financial results.

GSK revealed the FRS17 deficit on its final salary schemes, last valued at £4.3bn, rose to £1.3bn last year – up from £457m in 2001. GSK injected £320m into its schemes in the last quarter of 20...

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