Company Watch Edmond Scanlon says Kerry Group ‘well positioned’ in plant-based products marketThe 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
Companies Kerry Group earnings jump to €1.2 billion, but post-tax profits down after suspension of Russian operationProfit 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
Companies Farmers revive €360m deal to acquire Kerry Group’s dairy armOriginal 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
Legal Kerry Group fined a record $19.2m by US Justice Department over salmonella outbreakThe 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
Companies Kerry Group narrows earnings guidance as profit margins tightenThe 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
Companies Leading London hedge fund takes €90m short bet against Kerry GroupThe 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
Companies Kerry Group agrees €107.5m deal to acquire cheese business from Kraft HeinzThe Irish taste and nutrition giant said it expected the deal to close in the coming months
Business French asset manager Amundi’s stake in Kerry Group now worth €491mThe French asset manager has upped its shareholding as analyst downplays a 20 per cent drop in the food giant’s share price
Companies Kerry Group chief says ‘alternative proteins’ will drive future food trendsEdmond Scanlon says that with demand growing all the time, ‘there just isn’t enough protein there to feed people’
Kingspan exits Russian market The building materials giant said it made the decision to exit Russia in early March
Kerry Group suspends operations in RussiaThe company said it is ‘horrified’ at the escalation of the humanitarian crisis
Kerry Group vows to donate any profit in Russia to Ukraine relief effortsThe 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
Analysis: How the invasion of Ukraine will hit global food securityWhile 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
Kerry Group’s aborted €550m deal with Kerry Co-op could be revivedEdmond Scanlon, the Kerry Group chief executive, has said the company is still ‘open-minded’ about selling its legacy dairy arm
Kerry Group increases dividend as profits rebound for 2021The taste and nutrition company saw its profits bounce back last year after enduring a challenging 2020
Switch of Kerry Co-op chair may inject new life into €700m dealFrontrunner for the role has signalled he would heal rift with Kerry Group after negotiations collapsed in April
Kerry Co-op allows disgruntled shareholder to sell €500k of stockThe board of the organisation had previously attempted to block David Scannell from selling his shares, after he publicly criticised it
Cadbury’s Irish division pays sweet €100m dividendCovid-19 helped fuel increase in sales of Dairy Milk, Toblerone and other chocolate bars last year
Kerry Co-op blocks sale of shares by investor who publicly criticised itDavid 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
Kerry Group’s steady results signal global bouncebackThe 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
