Glanbia faces €15m hit to boost performance nutrition business

Glanbia faces €15m hit to boost performance nutrition business

Shares in food firm lost nearly half their value this year as firm warned of difficult trading

Glanbia expects to take a €15 million hit this year as it looks to kickstart growth of its performance nutrition business.

The figure also includes costs associated with acquisitions made in the past year and moves to insulate Glanbia’s exposure to Brexit. The company has already incurred exceptional costs of €4.3 million so far this year, it said last week.

Shares in Glanbia have lost just under half their value this year as the company warned...

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