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.
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