Markets shrug off negative data but Kerry Group disappoints

London’s FTSE was resilient despite the UK entering recession while the US held steady amid weak retail sales

Kerry Group dropped after the group reported earnings before deductions were down 4.2 per cent compared to the previous year. Picture: Alex Kraus

Kerry Group’s annual results disappointed investors sending the share price down by just over 4 per cent.

However, it came as broader markets struck a positive tone on Thursday by taking bad economic data as a sign of good news.

The UK was declared in recession as GDP declined 0.3 per cent in the final quarter of 2023 but investors were unconcerned. The FTSE gained 0.4 per cent that morning and maintained the extra points ...