I see the top brass at Glanbia have taken advantage of the recent share price drop at the company and mopped up 18,000 shares for €200,000 between them.

Glanbia chair Martin Keane forked out €92,000 to buy 8,000 shares, bringing his total shareholding to 34,000 shares. Managing director Siobhan Talbot, who has seen €2m wiped off the value of her shares since March, purchased 5,000 shares at €11.15. This brings her already substantial shareholding to 280,000 shares.

Meanwhile, independent board member John Daly has purchased 5,000 shares at €10.95 each.