While short term gearing optics are high after the availability-led downgrades this year, deferral of yesterday’s covenant test should come as a relief today. Banks remain supportive and this is underlined by expansion of the Daily roll-out to 450 conversions by Nov’22 (vs 350 previously). Morrisons is also increasing its contribution to the enlarged programme. Alongside the potentially short-term nature of the well-documented intermittent supply/availability issues, this provides support for th ....
29 Nov 2021
Covenant test deferred and Daily roll-out expanded
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Covenant test deferred and Daily roll-out expanded
McColl's Retail Group Plc (MCLS:LON) | 0 0 0.0% | Mkt Cap: 2.59m
- Published:
29 Nov 2021 -
Author:
Matthew McEachran -
Pages:
3
While short term gearing optics are high after the availability-led downgrades this year, deferral of yesterday’s covenant test should come as a relief today. Banks remain supportive and this is underlined by expansion of the Daily roll-out to 450 conversions by Nov’22 (vs 350 previously). Morrisons is also increasing its contribution to the enlarged programme. Alongside the potentially short-term nature of the well-documented intermittent supply/availability issues, this provides support for th ....