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BRIEF-Bid Corp says trading for first 9 months of FY17 positive

Published 17/05/2017, 11:03 pm
© Reuters. BRIEF-Bid Corp says trading for first 9 months of FY17 positive
BIDJ
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May 17 (Reuters) - Bid Corporation Ltd BIDJ.J :

* Trading within bidcorp for first 9 months of financial year 2017 has been positive

* Overall economy in uk is growing and sterling devaluation brexit has increased activity levels in foodservice market

* Inflation has started to tick up which should be positive for our uk businesses.

* To date effects of brexit haven't had any negative impact on business.

* Bid corp - expansion into european region, both in terms of in-country bolt- on acquisitions and strategic entry into new geographies, will be explored

* Strategic options for uk logistics business remain under consideration

* Further bolt-on acquisitions are being explored in australia and new zealand to sustain growth. Source text for Eikon: ID:nJseQ0038a Further company coverage: BIDJ.J

(Bengaluru Newsroom: +91 80 6749 1136)

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