Look­ing good

Finweek English Edition - - MARKETPLACE - Edi­to­rial@fin­week.co.za

The Bid­corp up­date was largely pos­i­tive but of spe­cial in­ter­est were its com­ments about Brexit. It says that a weaker pound is good for in­fla­tion and in­fla­tion is good for its busi­ness – I as­sume be­cause it en­ables the com­pany to push up prices and at times ahead of in­fla­tion, thereby in­creas­ing mar­gins. The com­pany op­er­ates every­where ex­cept North Amer­ica in the broad food ser­vices space and hav­ing been spun out of Bidvest, this is def­i­nitely the bet­ter half and of­fers great cur­rency hedge for a port­fo­lio.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.