U.K. Retailers Face Higher Pension Costs as Yields Drop: Chartby
U.K. retailers are already suffering from heavier pension obligations and the situation is going to get worse, according to Bloomberg Gadfly’s Andrea Felsted. Debt yields are dropping after the Bank of England waded into the bond market following the vote to the leave the European Union. That means many retailers are likely to report wider pension deficits when they announce results, as Tesco Plc does next week.