Shares in most Irish agribusinesses have enjoyed a positive week, despite some weakening in the pound sterling today. Donegal Investment Group was the strongest performer of the agri food stocks on the Iseq Index this week, with shares in the company rising almost 8% in recent days to €8.90.
Announcing half-year results this week, Donegal said it would be returning €47.5m to shareholders this year via a share buyback offer. The offer is a cash price of €9.25 for 53.7% of the ordinary shares held by shareholders on 17 May 2018. The proposal will be put to an EGM on 16 May.
Shares in Kerry Group also improved this week, rising more than 4% in the week to reach €86.80. Shares in Kerry remain 7% lower than where they started in January 2018. Meanwhile, shares in Glanbia rallied this week, with prices increasing 6% since Monday and are currently trading at €14.31. Glanbia shares are almost 3% down on where they started the year.
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Of the other stocks, FBD shares were up a little over 1% this week to €11.90, while shares in Origin Enterprises and Total Produce were flat this week. Shares in Aryzta fell 1% in the week to €18.25.
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Shares in most Irish agribusinesses have enjoyed a positive week, despite some weakening in the pound sterling today. Donegal Investment Group was the strongest performer of the agri food stocks on the Iseq Index this week, with shares in the company rising almost 8% in recent days to €8.90.
Announcing half-year results this week, Donegal said it would be returning €47.5m to shareholders this year via a share buyback offer. The offer is a cash price of €9.25 for 53.7% of the ordinary shares held by shareholders on 17 May 2018. The proposal will be put to an EGM on 16 May.
Shares in Kerry Group also improved this week, rising more than 4% in the week to reach €86.80. Shares in Kerry remain 7% lower than where they started in January 2018. Meanwhile, shares in Glanbia rallied this week, with prices increasing 6% since Monday and are currently trading at €14.31. Glanbia shares are almost 3% down on where they started the year.
Of the other stocks, FBD shares were up a little over 1% this week to €11.90, while shares in Origin Enterprises and Total Produce were flat this week. Shares in Aryzta fell 1% in the week to €18.25.
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