ISEQ up 26 points in morning trading

The ISEQ index of Irish shares gained 26 points in morning trading to 4386.58 by 11.15am.

Glanbia jumped an impressive 30c to €4.65, not surprising following news this morning that the food giant has acquired US sports nutrition firm Optimum in a deal worth €213m. In a statement released this morning Glanbia said the acquisition would give them a leading position in a fast growing segment of the nutrition market.