U.K. Sheep Rustling Rises to 10-Year High on Weak Pound, FT Says

Sheep rustling has risen this year in the U.K. as the weak pound means more sheep are exported, pushing up prices in the home market, the Financial Times reported.

Nfu Mutual Management Co. Ltd., which insures two-thirds of farmers, said cases were at a 10-year high, and that it has received “dozens” of claims this year compared with about half a dozen last year, the FT reported. In the worst case, 271 sheep were stolen from fields in Lancashire, according to the report.

To contact the reporter on this story: Caroline Alexander in London at calexander1@bloomberg.net.

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net.

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