Shares in Glanbia and Aryzta have been the stand-out performers this week, as both companies saw somewhat of a recovery in their share price.

Since the end of July, Glanbia’s share price has weakened sharply, after the company issued a profit warning for its 2019 financial year.

Five-year lows

Glanbia’s share price plunged to five-year lows on the back of the news, as investors raised concerns over the strength of Glanbia’s performance nutrition business.

However, in the last week, Glanbia’s share price has rallied 8% and closed out this week’s trading at €11.39.

While this is somewhat of a recovery, Glanbia’s share price is still down 32% from where it started the year.

Aryzta rally

Meanwhile, frozen bakery giant Aryzta has also seen an improvement in its share price this week.

Aryzta shares have rallied almost 20% this week to €0.88.

The company’s share price is still down 13% on where it started in January 2019.

Of the other listed agri-food companies, shares in Kerry Group dropped almost 1% this week to €108.70, while shares in FBD Insurance rallied more than 5% to €9.16.

Shares in Origin Enterprises also improved close to 9% this week to €5.20.

On oil markets, the price of Brent crude oil is generally steady this week and is currently trading at just over $60/barrel.