Andrea Felsted, Columnist

A Supermarket Giant Celebrates Our Early Death

Lower mortality expectations have helped to slash the grocer's liabilities.

October 4, 2017 at 9:05 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

1507110867_death1 — Corbis Historical via Getty

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Tesco Plc's investors had plenty to smile about on Wednesday, even if one reason to celebrate was the prospect of an earlier death.

As we've noted before, gains in British life expectancy are slowing. That was a factor behind a handy slashing of Tesco's whopping pension deficit, from 5.5 billion pounds ($7.3 billion) in February to 2.4 billion pounds at the end of August.