Tesco says new accounting standard will not have economic impact [Reuters]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
tescoplc.com/investors
Company Research
Source: Reuters
Tesco says new accounting standard will not have economic impact | Reuters 2 Min Read LONDON (Reuters) - Tesco, Britain’s biggest retailer, said on Friday a new accounting standard related to the treatment of leases, will change the way assets and liabilities are presented but will not have an economic impact on the group. It also said the introduction of the new IFRS 16 standard would have no bearing on the plans or financial ambitions Tesco detailed in October 2016. The new standard seeks to align the presentation of leased assets more closely to owned assets. Tesco said it has no effect on how the business is run, nor on cash flows for the group. But it does have a significant impact on the way the assets, liabilities and the income statement of the group are presented, as well as the classification of cash flows relating to lease contracts. The new standard is effective for all accounting periods beginning on or after Jan. 1 2019. That means Tesco’s first reported accounting perio
Show less
Read more
Impact Snapshot
Event Time:
TSCDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSCDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSCDY alerts
High impacting TESCO PLC S/ADR news events
Weekly update
A roundup of the hottest topics
TSCDY
News
- UK Retail Sales Disappoint in Sign of Lackluster Recovery [Yahoo! Finance]Yahoo! Finance
- Britain's largest grocer sees profits soar as inflation falls 4.5% – despite ‘threats from all sorts of angles' [Fortune]Fortune
- UK consumer sentiment on the up, says Tesco boss [Reuters]Reuters
- British equities open higher with US inflation data in focus [Reuters]Reuters
- Tesco says price pressures easing as profits soar [Yahoo! Finance]Yahoo! Finance