Smiths to pump £110m into schemes after deficit rises 130%

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Smiths Group saw its deficit more than double from £199m to £459m over the six months to January, driven by a 50 basis point drop in its discount rate.

The engineering firm revealed the increases shortfall in its interim results, published today, saying the funding status of its UK plans slipped from 104% to 94% over the preceding year. The fir...

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