December 4, 2022

Sainsbury’s provided to lend £500mn to pension scheme after

Sainsburys offered to lend 500mn to pension scheme after

Sainsburys offered to lend 500mn to pension scheme after

Grocery store chain J Sainsbury arrange a £500mn mortgage facility for its pension scheme on the peak of the gilt market disaster that adopted the Truss authorities’s “mini” Funds in September.

Finance director Kevin O’Byrne stated the choice was made after the Financial institution of England reiterated that it might stop shopping for gilts to stabilise the market on October 14, prompting fears of extra volatility.

Yields on UK authorities bonds spiked sharply after then chancellor Kwasi Kwarteng…

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