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Edmond Scanlon

Companies

Kerry Group narrows earnings guidance as profit margins tighten

The taste and nutrition giant warned against the “significant impact” soaring input cost inflation was having on its profit margins as it reported third quarter results
  • Lorcan Allen
  • October 27, 2022
Companies

Kerry Group agrees €107.5m deal to acquire cheese business from Kraft Heinz

The Irish taste and nutrition giant said it expected the deal to close in the coming months
  • Lorcan Allen
  • August 30, 2022
Business

French asset manager Amundi’s stake in Kerry Group now worth €491m

The French asset manager has upped its shareholding as analyst downplays a 20 per cent drop in the food giant’s share price
  • Ellie Donnelly
  • June 25, 2022
Companies

Kerry Group chief says ‘alternative proteins’ will drive future food trends

Edmond Scanlon says that with demand growing all the time, ‘there just isn’t enough protein there to feed people’
  • Ellie Donnelly
  • June 11, 2022

Kerry Group’s aborted €550m deal with Kerry Co-op could be revived

Edmond Scanlon, the Kerry Group chief executive, has said the company is still ‘open-minded’ about selling its legacy dairy arm
  • Lorcan Allen
  • February 20, 2022

Kerry Group increases dividend as profits rebound for 2021

The taste and nutrition company saw its profits bounce back last year after enduring a challenging 2020
  • Lorcan Allen
  • February 16, 2022

Kerry Group’s steady results signal global bounceback

The company has announced the sale of some of Ireland’s oldest food brands, such as Denny and Galtee, to US food giant Pilgrim’s Pride
  • Lorcan Allen
  • August 1, 2021

Kerry Group posts double digit growth in half year profits

The company’s core taste and nutrition division recorded strong volume growth and health profit margin expansion in the first half of the year
  • Lorcan Allen
  • July 30, 2021

Lorcan Allen: Time is running out for farmers to buy Kerry Group’s dairy arm

Talks between the farmer-controlled Kerry Co-op and the Kerry Group broke down in April. The group has restructured its dairy business and will probably try to sell it this year, but unless the Co-op can reorganise itself to return to negotiations, it may lose out
  • Lorcan Allen
  • July 4, 2021

Modest rise in Kerry Group shares after Niacet acquisition

€853 million acquisition of global leader in manufacturing preservation technologies only resulted in a 2 per cent lift in Kerry Group shares during morning trading
  • Lorcan Allen
  • June 21, 2021

Company watch: Kerry Group lands tasty €819m deal to sell legacy arm of company

Kerry Group sells its consumer meats and ready meals business to US meat and food giant Pilgrim’s Pride
  • Lorcan Allen
  • June 20, 2021

Kerry Group upbeat on Latin America amid signs of recovery

The taste and nutrition group’s chief executive for the region said the outlook was good, particularly for the food sector
  • Lorcan Allen
  • June 6, 2021

€700m Kerry dairy deal ‘fell through over funding concerns’

Kerry Co-op boss said its offer for Kerry Group’s dairy business was rejected for being too low
  • Lorcan Allen
  • April 18, 2021

Kerry Group pulls out of €700m joint venture talks with Kerry Co-op

Bid by farmers’ co-op to buy 60 per cent of company’s dairy business fails
  • Lorcan Allen
  • April 15, 2021

Divisions emerge at Kerry Co-op over bid for Kerry Group’s dairy arm

The investment company’s board is divided over how to fund and structure proposed 60-40 joint venture deal
  • Lorcan Allen
  • April 11, 2021

Kerry Group reports 11.7% fall in profits for 2020

The food company feels impact of Covid-19 as it confirms it will review its dairy-related operations in Ireland and UK
  • Claire McNamara
  • February 16, 2021

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