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UK supermarkets looking at massive property write-downs

  • Thread starter Nicholas Wallwork
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Nicholas Wallwork

Nicholas Wallwork

Editor-in-Chief
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While the news from Tesco of late has been terrible to say the least, there is speculation there is more bad news on the way for the UK supermarket sector. Prominent financial experts believe that Tesco is on the verge of writing-down the value its property portfolio by at least £1 billion with some suggesting [...]

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mattheonline

New Member
Yes - one Tescos in Peterborough is closing...so they are making some savings here.
 
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