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Monday 20 January 2020 12:45 am|Updated:Sunday 19 January 2020 1:34 pmUK food and drink sector shrugs off Brexit worriesBy: Harry RobertsonShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe UKrsquo  food and drink production industry has continued to shrug off the Brexit woes afflicting other manufacturing sectors, with employment at its highest in fifteen years, according to new analysis of the latest data.However, the analysis also showed that the European Union continued to be the industryrsquo  biggest export market, leaving it vulnerable should trade become more difficult after Brexit.Food and drink production made up 16 per cent of the manufacturing sector in 2018, stanley uk  according to industry body Make UK and Santander, an increase of 7.6 per cent in two years which made it the largest component of manufacturing output.Employment rose 5.3 per cent between 2016 and 2018 to 444,000, Make UKrsquo  analysis showed, the highest since 2004.The EU remained the total biggest market for exports ndash; with UK firms sending 61 per cent of all exports there, in transactions worth pound;13.9bn. The UK also imports twice as much food and drink as it exports, predominant owala ly from the EU.  Make UK c stanley cup hief economist Seamus Nevin said the strong economic ties with the EU mean it is vital that frictionless trade continues in any post Brexit agreement if the remarkable growth patter Xsge NEW PLANNING POLICY: KEY FACTS
Thursday 14 June 2012 8:42 pmWH Smith keeps books in order but sales continue to dwindleBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleWH SMITH, the bookseller and stationary retailer, saw its share price rise 2.7 per cent yesterday after it posted an improvement in profit margins despite storesrsquo; sales continuing to fall.Like-for-like sales in the first 15 weeks to 9 June dipped three per cent compared to the same period last year, although this was a slight impro stanley germany vement on the five per cent fall in the first half of the year.At its high street division, like-for-like sales fell four per cent whiles sales at its store owala canada s situated in airports and train stations were down by three per cent. The group said margins improved across both arms of the business.Under chief executive Kate Swannrsquo  leadership, WH Smith has offset flagging sales by trimming store costs and moving away from lower margin products like DVDs.Seymour Pierce analyst Freddie George, who retained a full year pre-tax profit forecast of pound;99.50, highl stanley drink bottle ighted the strength of management and strong cash flow. But other analysts were skeptical, with Panmure Gordon calling its business model unsustainable. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsqu