London close:Equities advance on broad front
20th Apr 2010 17:11
London brought its two day losing streak to an end today, despite a mixed reception to the day's major company announcements and a disappointing set of inflation figures. A sharp rise in fuel costs was responsible for much of the acceleration in the inflation rate, which climbed to 3.4% from 3% in
Read moreLondon afternoon: Tesco heads small band of fallers
20th Apr 2010 14:13
The blue-chip index shuffled sideways over the lunch time session with not even expectations of a firm opening on Wall Street encouraging buyers to commit further. Earlier in the day sentiment had received a knock from worse than expected inflation data. A sharp rise in fuel costs was responsible f
Read moreGlanbia offloads Irish dairy business
20th Apr 2010 10:57
Shares in Irish ingredients and cheese group Glanbia climbed after it said its 54.6% shareholder the Glanbia Co-operative Society has agreed to take its Irish Dairy and Agri Businesses off its hands. The value of the transaction is €343m, comprising €316.2m from a placing of 102m shares at €3.10 a
Read moreGlanbia ponders Dairy Ireland sale after tough year
10th Mar 2010 10:16
Dairy foods company Glanbia posted a sharp fall in profits in the year to January 2 as it felt the impact of weak economic conditions globally and in its home market of Ireland. The company also announced that its majority shareholder, Glanbia Co-operative Society, has expressed an interest in acqu
Read moreThursday tips round-up: Autonomy, Domino Pizza, Games Workshop
7th Jan 2010 06:10
Given the way Autonomy shares have performed, there is always the risk that investors are buying the stock at the top of the market. On the other hand punters should be encouraged to back winners. On an earnings-per-share basis, for example, Autonomy outperforms both the European and global software
Read moreGlanbia sees conditions improve
6th Jan 2010 08:30
Cheese and nutritional ingredients group Glanbia is on course to make adjusted earnings per share of 30 to 31 cents, in line with expectations, and return to earnings growth in 2010. Last year was a difficult one, said the firm, with the downturn in global dairy markets in the first half, lower US
Read moreGlanbia earnings to be at low end
18th Nov 2009 08:05
Cheese and nutritional ingredients group Glanbia said adjusted earnings for 2009 are likely to be at the lower end of market expectations. Although the group has traded broadly in line with expectations in the second half of the year, weak consumer confidence has made the retail market for consumer
Read moreGlanbia profit down 28%
26th Aug 2009 09:01
Irish cheese maker Glanbia served up a 28.4% drop in half year pre-tax profit while revenue slid nearly 15%. Commenting on the group's performance managing director John Moloney said, "It has been, without doubt, a difficult six months. The sustained downturn in the global economy led to weakening
Read moreOFT issues supplementary dairy price collusion report
23rd Jul 2009 07:57
The Office of Fair Trading (OFT) has issued a supplementary statement of objections in relation to its investigation into dairy prices. The supplementary statement provides additional support to the OFT's provisional finding that a number of parties colluded to increase the retail prices of various
Read moreDairy market volatility still hurting Glanbia
14th Jul 2009 08:26
Irish cheese maker Glanbia said its first half results will be significantly behind those of the same period the previous year after dairy market volatility severely impacted its performance. While the consumer foods business is performing 'reasonably well' Glanbia said its food ingredients busines
Read moreGlanbia reiterates eps guidance
13th May 2009 15:20
Irish dairy products firm Glanbia said as it is set to deliver "significant" annualised cost savings as it reiterated its eps guidance. "Glanbia is focused on achieving a strong operational and cost management performance in 2009. A previously announced rationalisation programme is on track to deli
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