RE: results tomorrow27 Jun 2017 08:39
o £35.2m in respect of a new, more granular, bad debt provisioning model introduced at Express Gifts;
o £21.2m relates to impairment of intangible assets, primarily at Findel Education;
o £14.7m relates to additional financial services redress and refunds at Express Gifts, as previously announced; and
o £7.5m relates to onerous lease provisions, following the relocation of head office functions also as previously announced.
oh dear!