Latest news with #Glanbia
Irish Times
11 hours ago
- Business
- Irish Times
Earnings and trade talks boost market
Markets surged on Friday on strong earnings news along with hopes of a deal in the US-China trade row and increased likelihood of an interest rate cut. Dublin The Irish market's leading stocks performed well on Friday. Insulation maker Kingspan climbed 2.4 per cent to €72.65. Food group Glanbia added 2.68 per cent to €13.04 while rival Kerry advanced 1.62 per cent to €94.20. READ MORE Ryanair dipped 0.9 per cent to close at €23.72. The banks also lured buyers. AIB added 2.15 per cent to €6.90 while peer Bank of Ireland rose 2.91 per cent to €12.03. Permanent TSB climbed 1.01 per cent to €1.995. London London's indeces climbed on Friday boosted driven by global optimism over earnings, trade policies and easy monetary policy. The blue chip FTSE 100 rose 0.7 per cent while the domestically oriented FTSE 250 jumped 1.1 per cent to close at its highest level since February 2022. Markets have rebounded in recent weeks due to easing concerns over the Middle East conflict, signs of US-China trade negotiations and potential for US interest rate cuts. JD Sports was among the top gainers on the blue-chip FTSE 100, advancing 7.6 per cent to 87.88 pence sterling after US rival Nike's upbeat earnings bolstered sportswear brands. Unilever shares rose 1 per cent to 4,432p after the Financial Times reported it was buying men's personal care brand Dr Squatch from private equity firm Summit Partners for $1.5 billion (€1.3 billion). On the flip side, the FTSE 350 precious metals and mining index dropped 4.4 per cent as gold prices tumbled following a ceasefire between Iran and Israel. Fresnillo fell 4.2 per cent to 1,433p while Endeavour Mining slid at the same rate to close at 2,176p. Hochschild Mining shed 2.6 per cent to 251.8p. Europe European stocks closed at an over one-week high on Friday, fuelled by a rally in automakers, as investors took more risks on hopes for a truce in the US-China trade spat. The pan-European STOXX 600 index closed 1.1 per cent higher, snapping a two-week losing streak and posting its first weekly gain in three. German stocks notched their strongest weekly rally in two months, while France and Spain's main indexes clocked their best weeks in over a month. European auto stocks and the luxury sector particularly sensitive to China-related headlines, jumped 4.1 per cent and 2.5 per cent respectively, steering sectoral advances. Porsche jumped 7.6 per cent after newspaper Handelsblatt reported that the carmaker was looking to sell its consulting and IT services business MHP, which could be worth more than €1 billion. The STOXX 600's energy sector suffered its first drop in weeks. The industry lost steam as oil prices plunged, after fears of a closure of the Strait of Hormuz – crucial to global supply – subsided following a 12-day conflict between Israel and Iran. US Wall Street pushed stocks toward fresh all-time highs after Friday's economic data eased concerns about the impacts of tariffs. Signs that the US economy shrank in the first three months of the year while people reined in spending sparked hopes that central bankers will cut interest rates again this year. Sportswear giant Nike was up 15.5 per cent at $72.17 (€61.68) shortly after 6pm Irish time after the group pledged to cut production for the US market in China. The company reported a year-on-year 12 per cent decline in revenue to $11.1 billion, but its 14 cent per share earnings beat market expectations, prompting investors to back the stock. The main Wall Street indexes – the S&P 500 and the Nasdaq – touched intraday record highs on Friday with technology stocks in the lead. Prices paid by consumers for goods and services rose 2.3 per cent overall in the US last month. Analysts argued that they showed little impact from tariffs on imports. The Fed, the US central bank, expects inflation to rise during the summer months, but if this does not materialise, it has indicated that it will cut interest rates.
Yahoo
4 days ago
- Business
- Yahoo
Institute for Governance & Markets: Survey Reveals Growing Frustration Among Co-op Shareholders Over Glanbia Governance
Institute for Governance & Markets releases preliminary findings from member surveys and launches nationwide study. DUBLIN, June 24, 2025 /PRNewswire/ -- The Institute for Governance & Markets ("IGM") today released highlights from its Spring 2025 field surveys examining member perceptions of governance, transparency, and accountability in Irish agricultural co-operatives. Drawing on responses gathered at the Annual General Meetings of Glanbia Plc and its majority shareholder Tirlán, the findings reveal a growing disconnect between co-operative principles and current governance practices. The surveys, conducted in person and via digital questionnaires at Glanbia Plc ("Glanbia") and Tirlán's annual meetings, capture the voices of farmer shareholders. A majority of respondents expressed doubts about the clarity of decision-making processes, the effectiveness of accountability mechanisms, and the alignment of leadership with member interests. Key Findings: 61% of members feel they have sufficient voice in major investment decisions. Over 70% of members surveyed expressed doubt about the effectiveness of current accountability mechanisms. 57% said their co-op should align more closely with institutional investors calling for governance reform. 65% of respondents indicated limited understanding of how investment decisions are made and evaluated. While the research focused on Glanbia and Tirlán as case studies, the findings point to broader challenges that may affect democratic participation and trust within member-owned enterprises. While many respondents support the principle of co-operative ownership, the findings underscore growing frustration with how that ownership is being managed, particularly in the context of Glanbia's recent performance and strategic direction. Next Steps: National Survey To validate and expand upon these initial findings, IGM is now launching a nationwide survey which can be found on IGM's website at: About IGM The Institute for Governance & Markets (IGM) is an independent research initiative focused on how ownership structures, governance frameworks, and market dynamics impact civic and economic outcomes. Founded by a group of European researchers, IGM examines how governance and issues of stakeholder influence across various sectors influence economic growth. Media Contact:inquiries@ Logo - View original content to download multimedia:
Irish Times
16-06-2025
- Business
- Irish Times
Gucci keeps European shares in the black
European shares made cautious gains on Monday, with Gucci -owner Kering leading the pack following a leadership change. The news helped to break a five-day losing streak as investors pivot from the conflict in the Middle East. The pan-European STOXX 600 ended 0.4 per cent higher amid the developments. Dublin The Iseq All-Share index ended the session at 11,553.51, up 98.98 or 0.86 per cent on the previous close. READ MORE It was a mixed day for the banks, Bank of Ireland rose 1.25 per cent to €12.115, and AIB Group increased its share price to €7.01, up 1.08 per cent. Despite these rises, Permanent TSB Group was a sectoral drag, falling 1.05 per cent to €1.88. Ryanair rose 1.85 per cent to €23.71, while fellow travel stock Irish Continental Group fell the furthest, down 1.50 per cent to €5.26. It was a good day for insulation and building materials specialist, Kingspan Group, who saw strong gains – rising 1.77 per cent to a share price of €77.45. Glanbia Plc fared well in trading on the day, ending up 1.04 per cent to €12.62, whereas Kerry Group fell €1.39 to €95.70. London London's benchmark FTSE 100 rose on Monday, coming within spitting distance of a record high, after global risk appetite was boosted by reports Iran was seeking a truce with Israel. The blue-chip FTSE 100 closed up 0.3 per centat 8,875.22 points, and came within a couple of points of its intraday record high of 8,908.74 points on March 3. The midcap FTSE 250 gained 0.5 per cent. Ladbrokes owner Entain jumped 15.3 per cent, the stock's biggest percentage gain since September 2021, after its US sports-betting joint venture, BetMGM, raised its annual revenue and core earnings forecast. The travel and leisure subindex surged 3.3 per cent. In London, Metro Bank Holdings hit a more than two-year high and led gains on the midcap index after a report of takeover approach from private equity firm Pollen Street Capital. Shares of the British lender were up 18.4 per cent The precious metal miners' subindex fell the most among sectors, down 3 per cent tracking lower gold prices. Europe European shares climbed on Monday, recouping some of last week's losses as Kering soared after the luxury group announced a chief executive (CEO) change and investors shifted their focus from the conflict in the Middle East that drove a sell-off last week. On a sectoral basis, Heavyweight banks were the biggest boost, advancing 1.9 per cent Gucci parent Kering jumped 11.8 per cent, among the top percentage gainers on the STOXX after the luxury conglomerate said it was hiring Renault boss Luca de Meoas to be its new CEO, confirming reports from earlier in the day. Shares of the French automaker closed 8.7 per cent lower. A separate report said Tokyo's Nissan planned to reduce its stake in Renault. On the downside, healthcare stocks lagged as Danish drugmaker Novo Nordisk fell 3.5 per cent. New York US stock indexes had risen in midafternoon trading on Monday as oil prices fell after the Israel-Iran attacks left crude production and exports unaffected, allaying investor concerns in advance of a central bank policy meeting. Crude prices retreated more than 3 per cent on reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Oil prices surged more than 7 per cent on Friday after Israel began bombing Iran. Most megacap and growth stocks rose. Meta advanced after announcing on plans to roll out new WhatsApp updates over the next few months and Nvidia was also up. UPS and FedEx edged up after the Trump Organisation launched a self-branded mobile network, dubbed Trump Mobile, and named the companies as shipping partners. Shares of Sarepta Therapeutics plunged nearly half after the company disclosed a second case of a patient dying due to acute liver failure after receiving its gene therapy for a rare form of muscular dystrophy. US Steel rose significantly after Trump approved Nippon Steel's $14.9 billion (€12.8 billion) bid for the company. Cisco gained after Deutsche Bank upgraded the communications equipment maker to 'buy' from 'hold'.– Additional reporting, Reuters, PA.
Yahoo
16-06-2025
- Business
- Yahoo
Microencapsulation Market Forecasts Report 2025-2030: Pharmaceutical Sector Drives Demand for Microencapsulation Technology
The microencapsulation market is anticipated to grow from $16.626 billion in 2025 to $23.131 billion by 2030, expanding at a CAGR of 6.83%. Key market drivers include demand in the pharmaceutical sector for drug delivery systems and advancements in agriculture. Key players like Glanbia and Givaudan lead innovations. Microencapsulation Market Dublin, June 16, 2025 (GLOBE NEWSWIRE) -- The "Microencapsulation Market - Forecasts from 2025 to 2030" has been added to offering. The global microencapsulation market, valued at US$16.626 billion in 2025, is set to grow at a CAGR of 6.83%, reaching US$23.131 billion by 2030. Microencapsulation technology, which coats an active compound with an encapsulating agent, is pivotal across industries such as pharmaceuticals, cosmetics, agrochemicals, and food. In the food industry, microencapsulation enhances product stability by reducing adverse aromas, volatility, and reactivity. In pharmaceuticals, it alters drug release, reduces the reactivity of core ingredients, enhances drug stability, and masks the taste and odor of certain drugs. Leading market players include Glanbia plc, MIKROCAPS, Capsularis, Givaudan, Koehler Innovative Solutions, Prinova, Ronald T. Dodge Company, Encapsys, LLC, Calyxia, Balchem Corporation, INCAPTEK Sarl, and Innoleague Technologies. Market Trends: Rising Demand from Pharmaceutical Industries: The pharmaceutical sector is increasingly adopting microencapsulation for drug delivery systems, enhancing stability and allowing controlled release. Techniques such as the pan technique and in situ polymerization are prominent, with applications including sustained-release drugs like Aspirin. Advancements in Global Agriculture: The agriculture industry is driving market growth by using microencapsulation to safeguard compounds and enable controlled release of fertilizers and pesticides. North America: Demand in North America is growing due to the need to address drug incompatibilities and reduce toxicity. Microencapsulation aids in controlling drug release, thereby reducing prolonged side effects. Key Attributes: Report Attribute Details No. of Pages 148 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $16.63 Billion Forecasted Market Value (USD) by 2030 $23.13 Billion Compound Annual Growth Rate 6.8% Regions Covered Global Key Benefits of this Report: Insightful Analysis: In-depth market insights covering key regions, focusing on consumer preferences, industry verticals, and sub-segments. Competitive Landscape: Understand global strategic maneuvers for effective market penetration. Market Drivers & Future Trends: Discover pivotal trends shaping future developments. Actionable Recommendations: Strategic insights to uncover new business streams in a dynamic environment. Wide Audience: Cost-effective for startups, research institutions, consultants, SMEs, and large enterprises. Uses of Our Reports: Industry and Market Insights Opportunity Assessment Product Demand Forecasting Market Entry Strategy Geographical Expansion Capital Investment Decisions Regulatory Framework New Product Development Competitive Intelligence Report Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030. Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis. Competitive Positioning, Strategies, and Market Share Analysis. Revenue Growth and Forecast Assessment of segments and regions, including countries. Company Profiling (Strategies, Products, Financial Information, and Developments) Glanbia plc MIKROCAPS Capsularis Givaudan Ronald T. Dodge Company Encapsys, LLC Calyxia Balchem Corporation INCAPTEK Sarl Microencapsulation Market Segmentation: By Technology: Spray Emulsion Coating Dripping Others By Application: Pharmaceutical Food and Beverage Household and Personal Care Agrochemicals Others By Region: North America USA Canada Mexico South America Brazil Argentina Others Europe United Kingdom Germany France Spain Others Middle East & Africa Saudi Arabia UAE Others Asia Pacific China Japan India South Korea Taiwan Others For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Microencapsulation Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Times
09-06-2025
- Business
- Irish Times
European investors cautious as China-US trade talks consume attention
European shares eased in cautious trade on Monday as investors avoided making big bets pending the outcome of Sino-U. S. trade talks in London. The pan-European STOXX 600 ended slightly lower at 553.24 points, after four straight sessions of gains, its longest consecutive winning streak in three weeks. Dublin Falling slightly from a peak in afternoon trading, the Iseq All-Share index ended the session at a record close of 11,651.80, rising 29.59 points, or 0.25 per cent. READ MORE Shares in Glanbia plc rose 1.50 per cent to €12.83, following the commencement of the company's share buyback scheme on Friday. The Irish food group purchased more than 70,000 of its own shares at an average price of €12.6283. It was a good day of trading for the banking sector. Permanent TSB rose 1.68 per cent to €12.83, and Bank of Ireland rose 0.93 per cent to €12.48. Bank of Ireland remained largely static, dropping 0.14 per cent to €7.07. Insulation specialist Kingspan, remained largely static in trading on Monday after making gains last week following the announcement that it would increase its planned investment in the US roofing business to $1 billion over the next five years. Shares rose 0.26 per cent to 75.75. In housing and construction, Glenveagh rose 1.14 per cent to €1.77, Irish Residential Properties REIT increased 0.93 per cent to €1.09, and Cairn Homes rode the rising sectoral tide to €2.19, up 0.92 per cent. It was a mixed day for leisure and travel stocks, hotel group Dalata rose 0.32 per cent to €6.25, while Ryanair fell slightly, down 0.08 per cent, to €24.26. London The blue chip FTSE 100 index fell 5.63 points, 0.1 per cent, to 8,832.28. The more domestically focused FTSE 250 ended up 128.63 points, 0.6 per cent, at 21,285.91. On the FTSE 100, M & G rose 3.2 per cent as UBS upgraded to 'buy', but WPP fell 2.8 per cent after it said Mark Read will step down as chief executive officer at the end of 2025 after seven years leading the company. In London, shares in Cordel plunged 12 per cent after it warned full-year revenue will be lower than forecast. The London-based company, which uses artificial intelligence to supply transport corridor analytics, expects to report revenue in the range of £4.7 million (€5.6 million) and £5 million for the financial year to June 30th. It would represent growth of up to 12 per cent from £4.4 million the year before. But chief executive John Davis said it will be 'lower than forecast', despite the firm making 'excellent strategic progress' in the financial year. Broker Cavendish lowered its financial 2025 revenue forecast to £4.8 million from £6.2 million. Elsewhere, Dunelm fell 3.9 per cent after RBC Capital Markets downgraded to 'sector perform' from 'outperform', while, Trustpilot slid 5.8 per cent as Panmure Liberum slapped a 'sell' rating on the company. Europe The pan-European Stoxx 600 index remained largely unchanged, down 0.072 per cent, in a quiet day when several markets were closed due to holidays. Trading was thin as markets in Switzerland, Denmark and Norway were among those closed due to the Whit Monday holiday. The utilities sector was among the biggest losers. Often tracked as a bond proxy – a slide in Eurozone bonds pressured the index. China said on Friday that it was willing to accelerate the examination and approval of rare earth exports to European Union firms. Automakers – a sector vulnerable to any rare earth supply disruptions – was flat. Among individual stocks, Spectris soared 60.1 per cent after the scientific instruments maker said it would accept a 3.73 billion pounds (€4.43 billion) bid from Advent. New York Wall Street's main indexes were mixed in mid-amidafternooning on Monday as investors watched a fresh round of US-China negotiations aimed at mending a trade rift that has rattled financial markets for much of the year. Top officials from both countries have kicked off discussions at London's Lancaster House, looking to get back on track with a preliminary trade agreement struck last month that had briefly cooled tensions between the world's largest economies. Nvidia gained as most megacap and growth stocks were up. Tesla was down marginally after brokerage Baird downgraded the stock to 'neutral'. Warner Bros Discovery shares jumped after the company said it would separate its studios and streaming business from its fading cable television networks. Robinhood Markets fell after S&P Dow Jones Indices left S&P 500 constituents unchanged in its latest rebalancing, following recent speculation that the online brokerage would be added to the benchmark index. – Additional reporting, Reuters, PA.
