Saturday August 8, 2020

No new buying spree for Kerry Group

Acquisitions may not be at the forefront of Kerry’s plans, but investors will be quite pleased with the promise of strong earnings growth

27th February, 2010

A confident Kerry Group hit the right note with investors last week, with promises of strong earnings growth this year sending shares soaring to an all-time high.

Stan McCarthy, the chief executive who took the reins in 2008, indicated that huge opportunities lay ahead for Kerry, so much so that acquisitions may take a back seat as it focuses on organic growth.

At a time when few Irish plcs have a growth story to tell, Kerry’s...

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