Brexit and weak pound take toll on jam maker
Brexit uncertainty and weakened sterling have forced family-owned food manufacturer F Duerr & Son, the south Manchester maker of jams, table sauces, peanut butter and marmalades, down the path of currency hedging.
The strategy was revealed in the company’s accounts for the year ended March 31, which showed profits fell from £3.3m in 2016 to £2.7m and turnover fell slightly from £64.9m to £64.7m.
In a report accompanying the accounts, company secretary A J Collinson said: “The company operates in a highly competitive ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
