Glanbia first quarter revenues drop 2.5% on falling milk prices

Revenue at global nutrition group Glanbia fell 2.5% in the opening quarter of the year as dwindling milk prices hit the company’s ingredients sector.

The Kilkenny-headquartered food business issued a trading update for the three months to the beginning of April as it held its annual general meeting.

The company’s shares fell 1.29% on the back of the update which showed the toll falling milk prices are having on its business.