Poll findings a double blow to Glanbia

GLANBIA Plc shares fell 5% yesterday after a poll indicated the proposed sale of its Irish dairy business to Glanbia Co-op may not have majority support from farmers.

Some observers close to the company cautioned, however, against attributing the drop in the share value to the survey results, and suggested it may have more to do with ongoing volatility in the money markets.

Kerry Group shares fell by 2.7%.