Glanbia Falls as Euro Strength, Irish Dairy Drag: Dublin Mover
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Glanbia Plc, the Irish dairy and nutritionals producer, declined the most in almost two months after analysts signalled a strengthening euro and a weaker than expected earnings at its Irish business may weigh on earnings.
Glanbia fell as much as 4.4 percent to 9.9 euros in Dublin, its biggest intraday fall since June 24. The Kilkenny, Ireland-based company earns most of its profit outside of Ireland.