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.

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