Bidcorp

Bidcorp capital markets update: HEPS (constant FX) grew by +8% year-to-date | As 90% of operations are outside RSA, ZAR strength reduced HEPS -3% | Trading profits +10% | Revenue +7% in constant FX | Food inflation low, ave. 2% | UK & Europe have shown growth since June despite unseasonably adverse weather | Australia stable – NZ hospitality sector an issue | EM steady – except for weakness in China | RSA performance exceptional with improved consumer sentiment | Group costs inched higher tho | Outlook positive.
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