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Wed 11 Nov 2008Businesses doing well, says Glanbia
FOOD GROUP Glanbia said yesterday that its businesses were performing in line with expectations despite signs that consumers were becoming “increasingly value-conscious”.
However, it also said in an interim management statement (IMS) to the stock market that lower consumer demand due to the changing global economic environment meant it would undertake a rationalisation programme across its businesses, which will have an exceptional cost of €16 million this year.
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