Marks & Spencer reduces pension deficit and annual contributions

Clothes retailers Marks & Spencer Group saw its shares rise almost two and half per cent on Wednesday after announcing that it has reduced its pension deficit and significantly lower annual cash contributions.

Clothes retailers Marks & Spencer Group saw its shares rise almost two and half per cent on Wednesday after announcing that it has reduced its pension deficit and significantly lower annual cash contributions.

The news prompted a revival of recent takeover talks.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.