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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Why Supervalu Spiked 11% Yesterday

Sonya Bells
Updated
Why Supervalu Spiked 11% Yesterday

Supervalu (SVU) stock popped more than 11% yesterday as the company announced that it agreed to sell eight of its distribution centers for $483 million. The management said that the proceeds from the sale would be used to strengthen the company’s balance sheet. “By unlocking significant value in a portion of our real estate portfolio, we’re able to meaningfully pay down debt, improve our balance sheet, and deliver value to our shareholders,” said Mark Gross, Supervalu’s president and CEO.

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