FRS17 snaps at Kingfisher

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UK - High street retail giant Kingfisher Group - former owners of Woolworths and Superdrug - has revealed a net FRS17 pension fund deficit of £112m.

Kingfisher dismissed fears about the £112m shortfall, stating that it was unconcerned by the shortfall and pointed out that at the start of its financial year an FRS17 valuation would have shown a ...

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