Glanbia 13% surge as it eyes €400m deals

Shares in foods giant Glanbia surged 13% as it eyes €400m in further acquisitions on the back of better than anticipated results for 2018.

Chief executive Siobhán Talbot said the firm, whose value soared €700m to over €5.4bn, would look for further acquisitions in the US and other regions. It announced its another US deal, buying non-dairy ingredients firm Watsons for €78.5m.