Strong pound and BSE hangover hit food firms


30 April 1998


Strong pound and BSE hangover hit food firms

FOOD exporters and retailers dominated the 88 companies issuing profit warnings in the first quarter of 1998, according to a report released yesterday.

The report, compiled by Ernst & Young, showed that 14% of listed food manufacturers issued profits warnings in the first quarter, citing export problems and the BSE hangover as their biggest headaches.

  • The Daily Telegraph 30/04/98 page 39

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