Glanbia

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IRELAND: Kerry sells Limerick milk unit to Glanbia

17 Jan 2011

Irish food giant Kerry Group has signed a contract to sell its Limerick-based liquid milk operations to local peer Glanbia.

IRELAND: Glanbia "in talks to buy Kerry's Dawn"

17 Dec 2010

Irish food group Glanbia is reportedly in talks to acquire the Limerick-based Dawn liquid milk business from Kerry Group.

IRELAND: Glanbia confidence boosts shares

12 Nov 2010

Shares in Irish food group Glanbia rose this morning (12 November) after the company reaffirmed its target for a 20% increase in annual earnings.

IRELAND: Glanbia confident of full-year earnings

25 Aug 2010

Irish food group Glanbia said today (25 August) that it is confident of achieving strong revenue and profit growth for the full-year.

IRELAND: Glanbia on track for “strong” H1

14 Jul 2010

Irish food group Glanbia said it is on track for a very strong first-half performance relative to 2009.

IRELAND: Glanbia names vice-chairman

29 Jun 2010

Irish food group Glanbia has announced changes to its board of directors, including the appointment of a new vice chairman.

IRELAND: Danone wins trademark appeal

20 May 2010

French dairy giant Danone has successfully overturned a 2007 court ruling in Ireland revoking its Essensis yoghurt trademark.

UPDATE: IRELAND: Farmers reject Glanbia sale plan

11 May 2010

Irish food group Glanbia’s plan to sell its Irish dairy business to Glanbia Co-operative Society failed yesterday with co-op shareholders narrowly voting down the proposal.

IRELAND: Glanbia ups guidance on improved trading

11 May 2010

Irish food group Glanbia has upped its full-year earnings guidance as a result of improved trading and cost reductions.

Quote, unquote: just-food's week in words

23 Apr 2010

Tuesday (20 April) saw a bullish Tesco and Associated British Foods present its latest numbers to the market, although elsewhere, Supervalu Inc's financial results were less robust. Meanwhile, Nestle admitted to challenges in Russia, and just-food heard about the promise of Africa for investors. Here is a selection of who said what about the top stories in the food sector this week.

UPDATE: IRELAND: Glanbia disposal will "speed expansion" – CEO

20 Apr 2010

Irish food group Glanbia claimed this afternoon (20 April) that the “transformational” disposal of its Irish dairy ingredients, consumer products and agribusiness units will speed the implementation of its strategy, strengthen its balance sheet and create a more focused business.

IRELAND: Glanbia sells dairy unit to co-operative

20 Apr 2010

Irish food group Glanbia is to sell its Irish dairy ingredients, consumer products and agribusiness units to Glanbia Co-operative Society, its 54.6% shareholder, for EUR343m (US$463.4m).

Top stories on just-food this week

12 Mar 2010

The future of Glanbia, with its interest in consumer dairy products, dairy ingredients and sports nutrition, grabbed your interest this week as the Irish food group revealed it was in talks to offload parts of the business. Unilever and Nestle were the subject of M&A rumours as reports in Belgium linked to the two food giants to the country's biggest ice-cream maker. Nestle, meanwhile, launched its nutrition brand Jenny Craig in France as, on this side of the channel, the UK's Food Standards Agency put forward plans for a new to label the nutrition content of food.

Quote, unquote: just-food's week in words

12 Mar 2010

Morrisons and Waitrose this week displayed a bullish confidence as the UK retailers - operating at different ends of the market - both reported bumper annual profits. Elsewhere in the UK, the country's Food Standards Agency backed plans for hybrid nutrition labels - and was prompty slammed by consumer advocates. Meanwhile, the Chinese government unveiled its latest bid to improve food safety in China in the wake of fresh contamination scandals. Here is a flavour of who said what this week.

On the money: Glanbia says Irish dairy sale “win-win”

10 Mar 2010

Glanbia today (10 March) insisted that the sale of its Irish dairy ingredients, consumer products and agribusiness units would be a “win-win” deal.

IRELAND: Glanbia in talks to sell Irish unit

10 Mar 2010

Irish food group Glanbia said today (10 March) that it in talks to sell its Irish dairy ingredients, consumer products and agribusiness units.

IRELAND: Glanbia experiences “difficult” 2009

6 Jan 2010

Glanbia said it remains cautious about the year ahead after experiencing a “difficult” 2009, but is optimistic the group can return to earnings growth in 2010.

IRELAND: Glanbia director announces retirement

27 Nov 2009

Glanbia, the Irish food group, has announced that director and vice-chairman John Fitzgerald is to retire.

Top stories on just-food this week

20 Nov 2009

This was the week when even the ongoing speculation over the future of Cadbury was trumped as the headline-grabbing story. That honour fell to UK retail's leading Dutchman, Marc Bolland, who is set to switch from Morrisons after three successful years for upmarket rival Marks and Spencer. The Bolland bombshell overshadowed the latest twist in the Cadbury saga, which saw Hershey and Ferrero indicate they could enter the fray - with a possible joint bid for the Dairy Milk maker a possibility. These are the top stories on just-food this week.

Quote, unquote: just-food's week in words

20 Nov 2009

Here is just-food's week in words.

IRELAND: Dairy jobs to go at Glanbia

20 Nov 2009

Glanbia, the Irish food group, is to cut 65 jobs from its domestic dairy ingredients business in a bid to stem losses from the division.

UPDATE: IRELAND: Glanbia hints at nutritionals expansion

18 Nov 2009

Irish food group Glanbia is looking at building its nutritionals business - possibly through acquisitions - after seeing the division perform strongly during the downturn, a senior executive told just-food today (18 November).

IRELAND: Glanbia trims profit forecast

18 Nov 2009

Glanbia, the Irish dairy and nutrition group, has today (18 November) cut its earnings target on the back of a "deterioration" in the performance of its domestic dairy business.

Quote, unquote: just-food's week in words

28 Aug 2009

From the plain-speaking boss of US organic food group Hain Celestial to an ambitious Kerry Group chief executive and the cautious optimism of the chief of Australia's largest retailer Woolworths Ltd, here, in the first of a weekly feature, just-food gives you the food industry's 'week in words'.

Top stories on just-food this week

28 Aug 2009

The downturn has dampened the market for dairy commodities but there are rumblings that prices are on the way back up. This week, we looked at the movement in dairy prices and there is not, as yet, widespread agreement that a recovery is on its way - which would sour Irish cheese giant Glanbia, where more cost cuts look likely to offset falling dairy revenues. The near-term future is also uncertain at US organic food maker Hain Celestial, despite the optimism of the company's management. And, sticking with US organics, Wessanen, the owner of Tree of Life, told us that it had put the business on the block.

INSIGHT: Glanbia to cut costs in ingredients business

26 Aug 2009

Irish food group Glanbia is taking an “aggressive” look at its domestic commodity and processing business after the company’s half-year earnings dropped 28% on low dairy prices.

IRELAND: Falling dairy prices hit Glanbia H1 profit

26 Aug 2009

Irish food group Glanbia posted a 28% drop in first-half earnings today (26 August), hurt by a sharp decline in international dairy prices and weaker consumer confidence.

US: Glanbia opens vitamin and mineral facility

7 Aug 2009

Glanbia Nutritionals has opened a state-of-the-art vitamin and mineral premix facility in Missouri, US.

IRELAND: Glanbia loss affects performance

14 Jul 2009

Irish food group Glanbia has made a loss in the first-half of the year, which it said today (14 July), is having a “detrimental” effect on the group’s performance.

IRELAND: Glanbia announces board changes

27 May 2009

Irish food group Glanbia has announced that James Gannon will replace Michael Parsons on its board today (27 May).

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