Shares in Glanbia plc showed some weakness this week, as market nerves heighten at the growing prospect of a no-deal Brexit.

On Wednesday, Glanbia shares traded close to €14, but have since moved slightly higher and are currently trading around the €14.20 mark.

Last week, shares in Glanbia traded to lows of €13.90.

Down 15%

Since the beginning of the year, Glanbia’s share price is down more than 15% in value.

The sports nutrition giant is due to report half-year financial results early next month.

In April, Glanbia reported a first-quarter trading update which showed a double-digit decline in sales volumes in its key performance nutrition business.

Glanbia’s performance nutrition division, which comprises its portfolio of sports nutrition brands, delivered first-quarter revenue growth of just under 5%.

Worryingly, however, the business saw double-digit declines in sales volumes of almost 17% and price declines of more than 3% in the first quarter.

This was only offset by the acquisition of Slimfast in 2018, which added 25% to revenues.