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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Companies will need to start quantifying Covid-19 impact

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
In the fallout from the coronavirus pandemic companies have been praised for their honesty.
Excellent corporate communicator Next (NXT), for example, conceded it can only look at scenarios which may play out, and isn’t yet able to set out guidance or forecasts.
But Tesco (TSCO) chief risk officer Jason Davies says markets will expect companies to talk about future trading ‘in the coming months’, otherwise their share prices and ability to access financing could be affected.
In a podcast from the Cambridge Centre for Risk Studies, he said, ‘There’s a window where companies can say “we can’t give any guidance”, but at some point that window will close.’
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