Losses nar­row at Aulds

The Herald - - BUSINESS -

prices and the re­cent de­val­u­a­tion of the pound.

He said: “Both busi­nesses trade in very dif­fi­cult en­vi­ron­ments. Over the last three months the rise in the cost of in­gre­di­ents has been dra­matic, par­tic­u­larly dairy.”

Mr Marr ex­pects con­sumers to feel the in­creases across gro­cery. “I am in no doubt we’ll see prices rise, purely be­cause of the de­val­u­a­tion of the pound. For ex­am­ple the dairy mar­ket has hard­ened sig­nif­i­cantly in the last three months and is at a peak it has not been at for years.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.