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The value of sterling dipped and recovered within an hour on April 18

Pound recovers after general election news

By Matt Atherton

Sterling bounced back from a temporary dip in value, after Prime Minister Theresa May revealed she plans to hold a snap general election on June 8.

UK sales: R&R clams slow market conditions and the timing of promotions has affected performance

Sales fall 1.3% at R&R Ice Cream

By Noli Dinkovski

R&R Ice Cream has posted a 1.3% drop in sales for the first quarter of 2016 as its acquisition of Nestlé’s South Africa business, fluctuating exchange rates, and tough European trading conditions hit like-for-like performance.

Glanbia's strong performing nutritional arm has helped it secure a sixth year of growth

Glanbia continues growth with earnings to £214M

By Laurence Gibbons

Nutritional food manufacturer Glanbia has recorded double-digit growth for the sixth consecutive year, with earnings before interest, depreciation, tax and amortisation (EBITDA) up 10.5% to €271M (£214M) for the 52 weeks to January 2 2016.

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.

Volatile times see food firms hedge bets

Volatile times see food firms hedge bets

By Rick Pendrous

Global political and environmental unrest is forcing growing numbers of food and drink importers and exporters to use currency forward contracts or ‘options’ to hedge against volatile exchange rates, according to a top foreign exchange broker.

Exchange rates erode profits

Exchange rates erode profits

By Hayley Brown

Volatile exchange rates are eating away at margins and eroding profits for food manufacturers, while banks take a substantial margin of profit from...

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