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Sunday share tips: IG Group, Likewise
The Sunday Times's Lucy Tobin recommended shares of IG Group to readers, pointing out that the valuation was near historical lows.
Sunday newspaper round-up: Tesco, National Grid, Morrisons
Tesco's pension fund lost £9bn in value and fell into a deficit after multiple safe investments went sour. In particular, the fund is heavily exposed to so-called Liability Driven Investments. Those LDIs came unstuck in 2022 following a sharp rise in interest rates that left pension funds nursing heavy losses. Yet the grocer had no plans to pay more into the pension plan with a spokesman saying that the scheme was "in a strong position", "well-funded" and employing a different measure for estimating contributions then it was in fact "in surplus".