StockMarketWire.com - Morgan Advanced Materials said it has tipped an extra $36m cash into its US defined benefits pension scheme.

The scheme had a deficit at June 30 of around $46m but the funding position improved due to positive returns in the asset portfolio, the company said.

Ongoing payments of benefits schemes across the entire group are now expected to be reduced to around £16.5m a year, down from £25m, from 2018.




Story provided by StockMarketWire.com