IT’S AUCTION season — time to bag a bargain — if you have a few million to spare that is.

A $38.1 million (€29.4m) Ferrari 250 GTO Berlinetta led the annual parade of classic car auctions in California to a record tally of almost $400m (€308.7m).

OPERATING on a large scale, and locating where milk is plentiful and can be purchased competitively from large scale farms, offers Glanbia the opportunity to be the lowest cost producer, and No 1 in its markets.

IN less than a fortnight, two Irish food companies, at different ends of the food chain, have announced major developments in the United States, which is a major driver of trends in the global food market.