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Kerry Group

Company Watch

Edmond Scanlon says Kerry Group ‘well positioned’ in plant-based products market

The firm slowed down launch of new products in the second half of last year in order to refine its current offering in the vegetarian and flexitarian market
  • Ellie Donnelly
  • February 19, 2023
Companies

Kerry Group earnings jump to €1.2 billion, but post-tax profits down after suspension of Russian operation

Profit after tax at the food giant fell from €763 million in 2021 to €606.5 million, in part due to a non-trading charge of €124.2 million
  • Ellie Donnelly
  • February 16, 2023
Companies

Farmers revive €360m deal to acquire Kerry Group’s dairy arm

Original talks ended in acrimony after a rift developed within the board of the co-op over the valuation of the company and how it proposed to fund the transaction
  • Lorcan Allen
  • February 5, 2023
Legal

Kerry Group fined a record $19.2m by US Justice Department over salmonella outbreak

The Irish food giant pleaded guilty and agreed to a €19.2 million fine after being charges connected to its manufacture of a Kellog’s cereal
  • Aaron Rogan
  • February 4, 2023
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

Leading London hedge fund takes €90m short bet against Kerry Group

The food ingredients giant’s shares have fallen in value in recent months, from a high of more than €126 a year ago to its current price of just over €100
  • Barry J Whyte
  • September 3, 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

Kingspan exits Russian market

The building materials giant said it made the decision to exit Russia in early March
  • Ellie Donnelly
  • April 5, 2022

Kerry Group suspends operations in Russia

The company said it is ‘horrified’ at the escalation of the humanitarian crisis
  • Ellie Donnelly
  • April 4, 2022

Kerry Group vows to donate any profit in Russia to Ukraine relief efforts

The food firm says it doesn’t expect to make profit in Russia, but if it does it will be given to humanitarian causes in war-torn Ukraine
  • Ellie Donnelly and
  • Donal MacNamee
  • April 3, 2022

Analysis: How the invasion of Ukraine will hit global food security

While the fallout of the Russian assault on Ukraine is being felt in the energy markets, conflict in a region that supplies over a third of the world’s wheat could have serious consequences for the global food supply system
  • Lorcan Allen
  • March 6, 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

Switch of Kerry Co-op chair may inject new life into €700m deal

Frontrunner for the role has signalled he would heal rift with Kerry Group after negotiations collapsed in April
  • Lorcan Allen
  • December 5, 2021

Kerry Co-op allows disgruntled shareholder to sell €500k of stock

The board of the organisation had previously attempted to block David Scannell from selling his shares, after he publicly criticised it
  • Lorcan Allen
  • October 31, 2021

Cadbury’s Irish division pays sweet €100m dividend

Covid-19 helped fuel increase in sales of Dairy Milk, Toblerone and other chocolate bars last year
  • Lorcan Allen
  • October 4, 2021

Kerry Co-op blocks sale of shares by investor who publicly criticised it

David Scannell has been told by the company board he cannot sell more than €500,000 worth of shares until he apologises for disparaging comments and promises never to rejoin the organisation again
  • Lorcan Allen
  • September 5, 2021

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

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