Today’s H1FY18 pre-close trading update is “in line with the Board’s expectations”. This positive update largely mirrors that of the recent AGM trading statement on May 24, reflecting the continuation of the established overall positive trading patterns, further boosted by the net positive impact of beneficial translational FX effects (recalling that HFG generated c74% of its FY16 volumes outside the UK) offsetting the effect of start-up costs in Portugal and Australia
