More and more companies are benefiting from lower borrowing costs by issuing bonds.

Glanbia Co-op has launched a €55m scheme that will provide interest-free cash to its suppliers when milk and grain prices are weak.

Henry Corbally’s appointment as chairman of the Glanbia plc board has been well received by the agri-food sector.

A dairy products distribution and milk rounds business would be wiped out overnight if Glanbia Plc was allowed, from today, to unilaterally cut its milk supplies by thousands of litres, the High Court was told yesterday.

Wexford Milk Producers (WMP) co-op members have voted to sell Wexford Creamery to Glanbia Ingredients Ireland.

Glanbia MD designate Siobhan Talbot will be the first female head of an Irish plc with a turnover in excess of €2bn and given John Moloney’s impressive record, the Kilkenny woman has a tough act to follow, writes Kyran FitzGerald

A strong performance by Glanbia’s nutritional division drove the food producer’s profits before tax to €198.8m as 16,000 farmers are set to receive a windfall of almost 9m plc shares today.

Glanbia co-op has completed a 3% placing in Glanbia Plc.

After an anxious wait there was jubilation when the chairman of Glanbia, Liam Herlihy, announced that 83% of shareholders in Glanbia Co-op had voted to ratify their earlier decision to dispose of 10% of its holding in Glanbia plc.

Glanbia dairy farmers took one step closer to securing a €163m windfall after 81.8% of voters accepted to spin out and sell shares, but another crucial vote remains before the co-op shareholders can cash in.

Farmer groups are guiding members who are Glanbia shareholders to vote ‘yes’ in next Wednesday’s joint venture vote in Gowran Park Racecourse, Co Kilkenny.

Farmers will take majority control of Ireland’s largest dairy ingredients processor this week, following Glanbia Plc’s approval of the purchase of some 60% of its Dairy Ingredients Ireland company by Glanbia Co-op.

Ninety-nine percent of Glanbia plc shareholders have approved a proposal to enter into a dairy processing joint venture.

European markets moved lower yesterday as investor attention shifted from company earnings season to the potential US fiscal cliff.

Shareholders in Glanbia Co-op opted for a new era in milk processing when they voted by 70.8% to 29.2% in favour of creating a joint venture dairy operations with Glanbia PLC which will see individual co-op members get their hands on a share-out of €160m on PLC shares.

Farmer groups have unanimously welcomed the vote by Glanbia Co-op members to approve the Plc’s joint venture proposal, and have instantly called upon the board to now honour its promise of a stronger milk price for suppliers.

Members of Glanbia Co-op are already starting to focus on how they will manage their evolved milk processing responsibilities after their massive vote in favour of the Plc’s joint venture proposal.

Two years ago, Glanbia plc attempted to offload its dairy-processing assets to Glanbia Co-op.

The economy will get an annual €510m boost as Glanbia and its milk suppliers ramp-up investment and production by 2020 following the elimination of milk quotas in 2015.

Members of Glanbia Co-op are debating the pros and cons of a joint venture proposal which could see them acquire a 60% stake in Dairy Ingredients Ireland, the Glanbia group’s Irish dairy processing business.

Glanbia has reached initial agreement with its majority shareholder — Glanbia Co-operative Society — regarding the future ownership of its dairy ingredients processing unit.

A proposal to spin off the company’s domestic dairy operation is likely to get the green light, which should facilitate the expansion of the processing sector in Ireland in advance of EU milk quota abolition in 2015, reports Kyran Fitzgerald

Crucial vote meetings loom later this year for Glanbia Co-op Society’s 7,768 members with voting rights.

DII, the business at the centre of major joint venture proposals in the Glanbia plc and co-op society, generated 2011 revenues of €738 million and earnings of €44m.