Royal Mail

“Royal Mail reported a pre-tax loss of £262m for the last financial year.”

“The operating profit was £404m, however, up 26% on the previous year.”

“the current £3.4bn valuation by the pension fund trustees.”

“Royal Mail estimates the pension deficit to now be in excess of £8bn.”

“The group has paid £867m into the fund so far this year in an attempt to close the gap.”