Tesco 5bn loss

Paul_1977

http://news.sky.com/story/1469652/tesco-loss-to-be-among-biggest-in-uk-history

Tesco will guarantee itself an unwanted place in UK corporate history on Wednesday when it unveils an annual loss of well over £5bn, one of the biggest ever reported by a British company.

I guess the share price will drop.:eek:

Archi_Bald

Not nice for older employee share scheme participants

Hope they have time to ride out the bad times

redbuzzard

As usual the headline is as sensational as possible.

The story goes on to say £6bn of write downs which is non-cash. Not funny if they are trying to reduce the estate of course.

Tesco still makes £1bn a year.

If I were an employee I might be more worried about the "multi million pension deficit".

Scarpacci

A non-cash loss which has been well trailed in the papers, along with the pension deficit. Also some expectation Dave Lewis might still "kitchen sink" the results.

How the share price will move tomorrow is anyone's guess. It won't necessarily be the earnings numbers that move the stock, but perhaps more of Dave Lewis's vision for the future of Tesco. It's been trending down for a few days, perhaps with a room to go back up to £2.45~ if it's no worse than expected / market is impressed by future plans.

Thrugelmir

Paul_1977 wrote: »

I guess the share price will drop.:eek:

Who was buying the shares from the previous low? There's nothing surprising in the announcement. The issues have been known for some time.