It’s been a tough year for Zambeef after such a promising start, so it is reassuring that expected results have not deteriorated further in the face of such difficult macro circumstances, according to today’s FY24 full-year trading update. We reduced our forecasts substantially after the April forecast when the recovery stopped. Our full-year trading assumptions remain unchanged, but we have tweaked our forecasts to reflect a lower forecast tax charge from FY24 and increasing borrowing costs fro ....
