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IRELAND: Glanbia gloom over dairy markets persists

13 May 2009

Glanbia's gloom over the “sustained difficulties” in the economy and the global dairy market continued today (13 May) when it stuck to its lower earnings forecast for 2009.

IRELAND: Glanbia gloomy over dairy markets

1 May 2009

Ireland-based dairy group Glanbia has lowered its earnings forecasts for 2009, as a result of deteriorating global dairy markets.

Top stories on just-food this week

17 Apr 2009

The latest numbers from two Cs - Carrefour and Cargill - proved among the more popular stories on just-food this week. Carrefour insisted it had put in a “resilient” performance during the first quarter of 2009 - despite seeing sales drop almost 3%. Cargill, the agribusiness giant, blamed the downturn for a slump in third-quarter profits. Elsewhere, sales of frozen food in the US are predicted to grow 25% by 2013, according to a US study and in the UK frozen foods are proving ever more popular in the credit cruch, further evidence of the popularity for frozen food on both sides of the Atlantic. These are the top stories on just-food this week.

IRELAND: Glanbia stands firm amid farmers protests

15 Apr 2009

Glanbia insisted today (15 April) that it was “mindful” of its “social responsibility” to its stakeholders as Irish farmers continued their protests at the company’s recent milk price cuts.

US: Glanbia invests in Southwest Cheese JV

9 Apr 2009

Irish cheese and ingredients company Glanbia, together with its US joint venture partner Greater Southwest Agency, plan to invest US$90m in expanding the cheese and whey business, Southwest Cheese.

IRELAND: Glanbia sees milk supply falling

9 Apr 2009

Irish dairy group Glanbia has predicted that, while the global dairy market will remain weak for the remainder of the year, milk prices are expected to see a degree of recovery as milk supply falls.

Irish food industry reels from economic pressures

23 Mar 2009

Having contributed to and benefited from Ireland’s sustained economic growth, the country’s food industry is suffering acutely as a result of the downturn. Ben Cooper examines why the food sector in Ireland has proved more exposed than in other countries and what the industry is calling for the Government to do to mitigate the problems.

IRELAND: Glanbia profits rise, outlook cautious

4 Mar 2009

Irish food company Glanbia posted a 21% rise in fiscal 2008 earnings today (4 March) and forecast further profit growth despite a tough trading environment in the year ahead.

IRELAND: Farmers urge restraint on milk price cuts

17 Feb 2009

Responding to moves to lower the farm-gate price of raw milk, Ireland's farmers have warned that further cuts would "devastate" the industry.

IRELAND: Glanbia confirms job cuts

2 Feb 2009

Ireland-based dairy and nutrition group Glanbia is to make a number of job losses, the company has confirmed.

IRELAND: Glanbia "to cut 50 jobs"

30 Jan 2009

Ireland-based dairy and nutrition group, Glanbia Consumer Foods is to make 50 job losses, according to local reports.

IRELAND: Glanbia sounds 2009 warning

13 Jan 2009

Glanbia, the Ireland-based dairy and nutrition group, said today (13 January) that full-year earnings climbed 17% during 2008 – but warned of a “very challenging” year ahead.

IRELAND: Glanbia considering future rationalisation

19 Nov 2008

Irish food group Glanbia today (19 November) hinted that it was considering future moves to rationalise its business, despite forecasting double-digit earnings growth for the year.

IRELAND: Glanbia confirms market expectations

18 Nov 2008

Irish food group Glanbia said today (18 November) that it forecasts its full-year results to be in line with market expectations.

IRELAND: US ingredients, nutritionals boost Glanbia

27 Aug 2008

Glanbia, the Ireland-based cheese and nutritional products maker today (27 August) posted a 38% jump in underlying pre-tax profits for the first half of 2008.

US: Glanbia acquires Optimum Nutrition

26 Aug 2008

Irish cheese and nutrition company Glanbia has acquired US sports nutrition firm Optimum Nutrition for US$315m free of debt.

CHINA: Glanbia opens functional ingredients plant

10 Jul 2008

Ireland-based food ingredients and cheese maker Glanbia has opened a production site in China to cater for functional food and beverage manufacturers.

IRELAND: Glanbia upbeat after first half

4 Jul 2008

Irish ingredients and cheese products group Glanbia has said it is on-target to achieve double-digit growth for the year.

IRELAND: Glanbia names vice chairman

28 May 2008

Glanbia, the Ireland-based dairy and ingredients group, has today (28 May) named vice chairman Liam Herlihy chairman of the company.

IRELAND: US gladdens Glanbia

14 May 2008

Continued strong growth from its US food ingredients business is driving a “good first half” at Glanbia, the Ireland-based firm said today (14 May).

IRELAND: Foreign operations buoy Glanbia

5 Mar 2008

Ireland-based dairy and ingredients firm Glanbia saw annual profits rise last year after success overseas offset falling earnings from the company's domestic consumer business.

IRELAND: Glanbia to sell meats business

16 Jan 2008

Ireland-based dairy and ingredients group Glanbia looks set to sell its meats business.

IRELAND: Demand for dairy buoys Glanbia

8 Jan 2008

Growing food ingredients sales has led Glanbia to forecast annual earnings at the “upper end of market expectations”.

IRELAND: Kerry, Glanbia coy on "Breeo bids"

15 Nov 2007

Kerry Group and Glanbia have refused to be drawn on reports that they are among six bidders for Irish firm Breeo Foods.

IRELAND: Glanbia buys Canadian nutritional firm

10 Sep 2007

Glanbia, the Ireland-based food and ingredients group has acquired Canadian nutritional business Pizzey's Milling.

IRELAND: Glanbia posts H1 profit rise

29 Aug 2007

Irish dairy and nutritional products group Glanbia has posted a leap in profits for the first half of the year thanks in part to strong sales.

IRELAND: Glanbia reports positive first half

10 Jul 2007

Glanbia, the Irish-based international dairy foods and nutritional ingredients group, has reported a “positive” first half performance with good growth in revenues, profits and margins, on the back of a strong performance from its food ingredients division.

IRELAND: Glanbia sees double-digit profit growth

16 May 2007

Irish food group Glanbia said today (16 May) that it has made a strong start to the year, predicting double digit earnings growth for fiscal 2007.

IRELAND: Glanbia FY profits up 9%

7 Mar 2007

Ireland’s largest producer of milk and dairy products has posted a 9% rise in profits for 2006 thanks to strong overseas sales. The company predicted growth of at least 10% in the coming year.

IRELAND: Glanbia sells stake in TCCH

2 Jan 2007

Dairy group Glanbia has announced the sale of its 25% interest and GBP35m (US$68.96m) interest bearing loan notes in The Cheese Company Holdings Limited (TCCH) to majority shareholder Milk Link Limited for a total consideration of GBP47.207m in cash.







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