04-12-2017 19:39 via theguardian.com

Palmer & Harvey's pension deficit balloons to £80m

Loss-making grocery supplier’s liabilities increased from less than £30m in 2007 as shareholders received more than £8m a year in dividendsPalmer & Harvey’s pension deficit more than doubled over the past 10 years to £80m, as shareholders and some directors took about £70m in dividends from the heavily indebted and loss-making convenience store supplier.The company, which went into administration last week with the loss of 2,500 jobs and a further 900 at r
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