Premier Oil expects weak pound to help bottom line

By Karolin Schaps LONDON (Reuters) - Premier Oil expects to continue reaping benefits from weak sterling this year, it said on Thursday, as the depreciating currency has brought down the cost of investments in Britain at a time when low oil prices have squeezed profits. The oil company said 2016 operating costs were 11 percent below expectations, mainly thanks to the weaker currency, at $15.7 a barrel and it expected to maintain this level in 2017 as it has hedged foreign-exchange exposure for t