Euro

A Weakening of the Euro has hit ABF's operating profit

ABF profit hit by £30M by weakened euro

By Laurence Gibbons

Associated British Foods (ABF) has revealed its adjusted operating profit will fall for the 52 weeks to September 12, by at least £30M, due to a significant weakening of the euro.

In a worse case scenario, Grexit could lead Greece’s GDP to decline 4-6% in 2015, and by 10%-14% in 2016, Solomon said.

Grexit could lead to export boom – or depression

By Caroline SCOTT-THOMAS

A Greek exit from the euro could lead to a strong export boom – or it could lead to a depression and hurt eurozone growth, thus wiping out export demand, according to Euromonitor economist Daniel Solomon.

IFF back on track?

IFF back on track?

Improved flavour sales in Europe gaining from modest gains in
currency conversions boosted first quarter results for the US
flavour giant International Flavors & Fragrances (IFF).
Strategies in 2003 to get the company back into...

Cereal farmers attack EU

Cereal farmers attack EU

Deputy President of the UK`s National Farmers Union (NFU) Tim
Bennett this week expressed his anger to UK DEFRA Minister Lord
Whitty at proposed action by the European Commission to force down
EU cereals prices.

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