Kerry Group shares dip on trading update

Kerry Group shares fell yesterday as the company held its annual general meeting in Tralee, Co Kerry, and reported “good business momentum” despite tough market conditions.

The company remains confident of delivering adjusted earnings growth of 6% to 10% in 2016 as it had previously guided.

Business volumes rose 2.9% with sales in its taste and nutrition division (3.1%) showing stronger growth (3.1%) than its consumer goods segment (2.1%).