Tesco's Equal Pay Bill Won't Be Four Billion Pounds: Gadfly
Tesco CEO Dave Lewis has got 99 problems, but shelling out £4 billion shouldn't be one of them.
The shares fell as much as 2.4% after law firm Leigh Day said it was bringing an equal-pay case on behalf of the company's female staff, where the total payout could reach that lofty amount. In a rising market, it looks like investors taking fright.
But really, they're looking through the headlines. The price recovered somewhat and is now just 0.5% down from yesterday, so the total loss from the move is about £150 million.
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