Your email has been successfully added to our mailing list.

×
0 -0.00255464093102479 0.00141924496168031 0.0053931308543854 0.00567697984672142 0.00851546977008224 0.0093670167470905 0.0093670167470905
Stock impact report

Robert Maxwell fraud haunts Mirror publisher as pension eats cash [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
The owner of the Mirror newspaper is paying more than two-thirds of its cash flow into the pensions fund raided by Robert Maxwell following an intervention by the watchdog over a shortfall of more than £200m. Reach, which also owns the Express and dozens of local newspapers, has agreed to increase its funding for the troubled MGN pension scheme amid concerns it lacked sufficient reserves to pay for its retired employees A resolution brokered by the Pensions Regulator will result in Reach increasing its total investments in the MGN pension scheme to £61.3m this year and to £62.1m in 2026 and 2027. The increases worth £5.1m a year, or £25.5m across a period running from 2023 to 2028, are aimed at making up a £219m deficit in the scheme. The higher payments into the scheme mean Reach's contributions to the fund will now consume sums equivalent to 69pc of the £89.5m worth of cash flow it generated from its operations in 2024. John Ralfe, an independent pensions consultant, said Show less Read more
Impact Snapshot
Event Time:
TGNA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for TGNA alerts
Opt-in for
TGNA alerts

from News Quantified
Opt-in for
TGNA alerts

from News Quantified