Tesco's trading recovery tempered by pensions cloud

Tesco's trading recovery tempered by pensions cloud
 

Britain's biggest supermarket group, Tesco (TSCO.L), is expected to report further progress in its recovery next week with a third straight quarter of UK underlying sales growth, although it now faces the burden of a ballooning pension deficit.
The company is forecast to announce a rise in first-half operating profit on Wednesday but will also confirm a significant widening of its pension deficit as a result of falling bond yields following Britain's vote to leave the European Union.
That could delay the resumption of a dividend, unpaid since the second half of its 2014-15 year.
Analysts... read more

 
30 September 2016 in Business, Views: 51
Source: Reuters
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