London hedge fund bets Glanbia share price will drop

Glanbia’s share price has been rising steadily for the last 18 months. Photo: Alf Harvey

Barry J Whyte

A London hedge fund has disclosed that it holds a bet against the share price of Glanbia’s shares worth around €33m.

Filings with the Central Bank show that Mirabella Financial Services has a short bet against 0.68pc of the shares in the company, with its share currently trading around €18.50.