Fenner helped by weaker sterling

London – The fall in the value of sterling since the Brexit vote has been helpful to Fenner PLC, the supplier of conveyor belt and engineering products and systems has stated.

In an 8 Sept business update, the UK-based group said that trading had “remained” as expected during the last two months of its financial year ended 31 Aug.

“Helped in part by the translation effect on overseas earnings arising from the depreciation of sterling in recent months,” Fenner said it expected its full-year results to come in towards the top of the current range of market expectations.

The group expects to release its results for the full year on 16 Nov.