Glanbia share price sours despite growth

SHARES in Glanbia fell 8pc in trading yesterday as the company reported growth of 6.7pc in the first nine months of 2018. The performance was driven by good demand across Glanbia Performance Nutrition and Glanbia Nutritionals, according to a trading update. Increased demand but pricing declines during the period affected performance. “The year is progressing as planned,” managing director Siobhán […]

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Alberta government commits $1B for west leg Edmonton Valley Line

The province is committing about $1 billion towards Edmonton’s Valley Line West LRT expansion. On Thursday morning, Premier Rachel Notley announced her government is putting $1.04 billion towards the west leg of the Valley Line and an additional $131 million towards the expansion of the Metro Line to Blatchford. “For many Edmontonians, public transit is the way they connect to […]

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Supermac’s to create 60 jobs with first Donegal outlet

Supermac’s is to create 60 jobs with the opening of its first outlet in Donegal today. The roles being created are mostly full-time positions. The restaurant and service station also includes Papa John’s and SuperSubs as well as a Londis, Top Oil and Bewley’s. Overall, 110 jobs were supported during the construction of the complex at Drumlonagher, outside Donegal town. […]

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Aryzta shareholders narrowly approve plan to raise €800m

Shareholders in troubled Irish-Swiss food group Aryzta have narrowly approved a plan to raise €800m in capital. The vote was passed by 53pc of shareholders at the group’s AGM in Zurich today. The plan will see the group  increase its share capital through the issuance of 900,184,940 new registered shares with a nominal value of CHF 0.02 (€0.018) each. The […]

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Clanwilliam backer Eli Global in US federal investigation

A key financial backer of Irish private equity firm Clanwilliam Group has been embroiled in a US federal investigation. Eli Global and its founder and chairman Greg Lindberg are subjects of an investigation relating to “drug offences, crimes against financial institutions, or money-laundering crimes” according to US media reports. A spokesperson for Eli Global said the company was aware of […]

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Greencore's dividend plan opposed by top shareholder

One of Greencore’s biggest shareholders has come out against part of the company’s €1bn plan to sell its US business. Polaris Capital, a 9pc shareholder, is against a plan to return the proceeds of the sale to shareholders as a special dividend. That will result in higher taxes for shareholders, Polaris said. The money should fund a share buyback instead, […]

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Avolon bond blow after HNA hit by turbulence

Aircraft lessor Avolon “suffered indirectly” because of the travails of its debt-laden parent HNA Group, according to Avolon boss Domhnal Slattery. Mr Slattery said the bond market “didn’t like that story” – which was bad news for Avolon as it is a significant issuer of bonds. HNA’s stake is due to be reduced to 70pc from 100pc this quarter, once […]

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'I wasn't the right person, I was the only person' – Meadows & Byrne's Helen Coughlan's rise from shop floor to store director

“We’re all about personality; that’s how we have won over the world”. It’s a description of the staying power of Meadows & Byrne from one of its directors Helen Coughlan. But the phrase could easily be applied to the Cork woman’s own career path, which started out guiding groups of US tourists on walking tours of York.  “I had no […]

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Dairy industry 'enhanced' by dealing with salmonella find – FarmIreland.ie

Agriculture Minister Michael Creed has claimed the reputation of the Irish dairy industry is “enhanced”, despite news of a salmonella detection only publicly emerging more than a month after the incident. The milk powder section of Tipperary Co-op, in Tipperary town, was closed in September after a strain was detected in a consignment of milk powder. Salmonella shut down the […]

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