Currency movements hold back T&N

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The Independent Online
Currency movements hold back T&N

T&N warned that it expected its rate of progress in the current year to be held back by currency movements. Sir Colin Hope, chairman, told the annual meeting: "The year has started on an encouraging note with our operating performance edging ahead of last year and margins on an improving trend. Nevertheless, the rate of progress in the current year is still likely to be constrained by currency movements and the high level of restructuring charges flowing from essential cost reduction and efficiency programmes."

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