Stock markets were able to recoup some of last week’s losses, related to fears over rising interest rates and an overheating US economy, during trade this week.

Of the listed agribusiness plcs, there were healthy gains this week for Kerry Group, Glanbia, FBD Insurance and Origin Enterprises.

Glanbia plc finished the week up almost 4% on its closing price last week at €14.33. The company announced the $350m acquisition of SlimFast last Thursday, which has yet to make any meaningful impact on the group’s share price.

Kerry Group posted gains of more than 4% in the last week, with shares trading at €91.60 by close of business on Thursday.

Shares in Origin Enterprises rallied 5% in the week to hit €5.61. However, Origin shares remain down 12% in the year to date. FBD shares are also up 5% in the week to €10.70.

It’s been a contrasting week for shares in Greencore, Aryzta and UK supermarket giant Tesco. In the same week it announced it had agreed a deal to sell its entire US business for $1.1bn, Greencore shares are down 2% in the week at £1.97.

Shares in Aryzta continue to struggle this year and the senior management team now faces a shareholder revolt over its plan to raise €800m by issuing new shares in order to save Aryzta. The company’s largest shareholder, Cobas Asset Management, is opposing the plan as it fears seeing its significant shareholding in Aryzta being severely diluted.

In the UK, shares in Tesco finished the week down more than 4% at £2.09. Meanwhile, in oil markets, the price of a barrel of Brent crude oil steadied in the last week at $80.