Kerry Group outpaces its global peers

Shares in Kerry Group outpaced all its global peers in the past two months — allowing it to overtake Ryanair as the largest company with a main listing on the Irish Stock Exchange.

Kerry stock rose 7.4% over two days to a record €39 on Aug 10 after raising earnings guidance, giving it a market value of €6.85bn.

The company overtook Ryanair on Jun 26 after the airline said in May that recession and austerity in Europe will make it difficult to match last year’s record results.