British foodmakers' confidence sags as weak pound erodes margins

British foodmakers' confidence sags as weak pound erodes margins
 

More than two-thirds of British food makers have become less confident about the business environment since Britain's vote to leave the European Union, a survey published on Wednesday said.
Three-quarters of British food manufacturers have seen an increase in the price of imported ingredients due to the fall in the value of the pound since the vote, and 63 percent reported a decrease in profit margin, according to the poll by Britain's Food and Drink Federation (FDF) between Sept. 16 and Oct. 7.
The survey followed a raft of data showing that British consumers have so far been largely... read more

 
12 October 2016 in Business, Views: 40
Source: Reuters
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