RPT-Widening pension gap looms large for Europe's top firms

Newswire

By Sarah Mortimer LONDON, Aug 15 (Reuters) - Six of Europe's top 10 companies by revenue are sitting on pension liabilities bigger than a quarter of their stock market value, a Reuters survey has found, highlighting the precarious state of schemes funding the retirements of thousands. The elite group of companies owed their pension plans a cumulative $245 billion in 2012, up 16 percent from a year earlier, largely due to weak returns from staple ...

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