Day: 19 February 2019

Tesco has revealed the full impact of the new lease accounting standard on their balance sheet. SUPR view: IFRS 16 adjustments in line with expectations Total debt up £10.5bn due to lease liability  Total “lease adjusted” debt increases to £15.8bn or 4x EBITDA   Creates incentive on Tesco to buyback property ie lease interest rate 5.8% … Read more

– LFL sales up 1.0% in Q4 – Net sales up 2.7% in the same period – Own brand products drive drive sales – CMA provisional merger findings expected this week Read more