Glanbia shares spurt 10% higher adding  €225m to market value within minutes   

Siobhán Talbot, group managing director, Glanbia said she expect the company to continue to build momentum into Q4 and to exit the year well-positioned for 2021 growth. File picture: Dylan Vaughan

Shares in Glanbia raced 10% higher adding around €225m to its stock market value within minutes, after delivering a rare positive update on the way its international operations are weathering the global pandemic.   

Glanbia had been under pressure long before the onset of the Covid-19 crisis in March as investors focused on the performance of the spate of major consumer food acquisitions the company executed in recent years, and even on its long-standing traditional investments in cheese plants in the US.