Pound drops after UK industrial output falls in November
The pound has hit a five-and-half year low against the dollar after weak UK industrial production data. At one point the pound traded at $1.4408, down a cent and a half, before recovering a little to trade at $1.4415. Industrial output fell 0.7% in ...
Mild Weather Hits Britain's Growth Hopes
Pound plunges to five-year low on 'rubbish' UK manufacturing performance
manufacturing sector in recession
John Lewis is taking a huge ?60 million pension hit
If the discount rate goes down, the estimate of returns goes down, and the company needs to put more cash into the pension plan to ensure there are enough assets to generate the eventual return needed. John Lewis' discount rate fell from 1.1% at the ...