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Average pay deals remained at 3.5% in recent months, although one in three settlements is now worth at least 4%, new figures showed today.

Average pay deals remained at 3.5% in recent months, although one in three settlements is now worth at least 4%, new figures showed today.

The bigger pay rises have reflected higher rates of inflation, said pay analysts Incomes Data Services (IDS).

One in four deals, mainly in private firms, is now worth more than 4.2%, while the lowest settlements are around 3%.

Boots pensions row

THE group set to buy health and beauty giant Alliance Boots is understood to be at loggerheads with the firm's pension trustees after offering far less than the £400m demanded upfront, according to a newspaper report today.

US private equity house Kohlberg Kravis Roberts and Boots deputy chairman Stefano Pessina are believed to have put forward plans to pay just £50m upfront to plug the retail and pharmaceutical giant's pension deficit. Boots pension trustees are said to be demanding £400m paid in cash immediately, with additional payments potentially totalling up to £1bn.

Carter & Carter waits

CARTER & Carter today said it would not rush into appointing a successor for chief executive Phillip Carter, the company's founder who was killed last week with his teenage son in a helicopter crash. The Nottinghamshire-based training and support services company has hired a recruitment firm to lead an internal and external search for a new chief executive, but stressed it would "not be making a hasty decision".

New life for pit site

PLANS to build a manufacturing factory on the site of a former coal pit, creating hundreds of jobs, were revealed today. Construction giant Laing O'Rourke wants to transform the former Steetley Colliery on the Nottinghamshire-Derbyshire border.

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