Glanbia Q1 performance in line with forecasts

Food group Glanbia said today it has performed in line with expectations for the first quarter of 2012, in what it called "a more challenging operating environment".

In an interim management statement issued ahead of the company's AGM today, Managing Director John Moloney said Glanbia expected to deliver earnings in the first half of 2012 which are broadly similar to an exceptionally strong first half in 2011.