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Glanbia bullish after cash boost

GLANBIA plans to exceed growth targets of 8pc to 10pc over the coming years through buying and link-ups, it has said.

The Irish dairy firm's revenue has grown by 10.5pc recently, underpinned by a strong performance internationally.

Group managing director Siobhan Talbot (below), said there would be an "evolution" in their growth targets.

She added: "What you will see us do is potentially accelerate that rate of growth by acquisition or alliance."

But behind the strong performance, there were difficult conditions in its Irish dairy business. "

Milk prices have reached historical highs and while that's great for our supplier base, it's clearly challenging in an Irish context," Ms Talbot said.