Have I read it right, where does the oil price assumption of 60 dollars come from. To me it is a sign the impairment charge is being kept as low as possible.
Have purchased MKS for first time, not a major % of portfolio.
My thinking is that food represents a large % of MKS margin, as a regular shopper i have noticed in this time that their prices have gone up and their special offer multi purchase have gone down. I therefore think that while the results will be bad they will not be fatal. Could lead in time to a full re thinking of their percentage clothes to food.
Agree, as someone who is retired and travels a lot , I have been informed, by she who must be obeyed, that all air / cruise travel is off the cards until a vaccine is available.