Mitchells and Butlers agrees recovery plan to tackle £527m deficit

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Mitchells and Butlers has agreed a ten-year recovery plan with trustees of its defined benefit (DB) scheme, after its latest triennial valuation revealed a £527m shortfall.

The pub chain, which operates the O'Neill's, Nicholson's and Toby Carvery brands, said would increase previously agreed contributions for the three years from 2013 from £40m to £45m. From April 2016...

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