Whitbread shortfall climbs despite deficit funding

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Whitbread has seen its pensions deficit grow by £111m in the 12 months to the end of march, despite paying in more than £95m in recovery funding.

The firm, which owns the Premier Inn and Costa Coffee chains, revealed that the shortfall in its scheme grew from £488m to £598.7m over the period. It said this was due to a £177.2m actuarial lo...

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