Warning surge in corporate restructuring threatens covenants

clock

A surge in corporate restructuring caused by the recession has put employer covenants at risk, Punter Southall Transaction Services warns.

More businesses are expected to default over 2012 and businesses such as Premier Foods, TUI Travel, JJB, Logica and Punch Tavern have already restructured in the difficult climate, the consultancy ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Majority of industry expects 'material' surplus from DB schemes, says SPP

Majority of industry expects 'material' surplus from DB schemes, says SPP

SPP survey finds 77% say they expect DB schemes to have a surplus of 5% or more

Martin Richmond
clock 28 May 2025 • 2 min read
DB transfer values hit another record low in April, XPS finds

DB transfer values hit another record low in April, XPS finds

Firm’s Transfer Value Index recorded lowest ever month-end figure for second consecutive month

Holly Roach
clock 28 May 2025 • 1 min read
Impact of tariffs cited in majority of UK DB profit warnings in Q2 so far

Impact of tariffs cited in majority of UK DB profit warnings in Q2 so far

EY-Parthenon research finds 26% of UK listed companies with a DB scheme issued a warning in last 12 months

Martin Richmond
clock 28 May 2025 • 2 min read
Trustpilot