Kerry Group plummets on ISEQ

Shares in food group Kerry tumbled more that 7.5% this afternoon, down €1.47 to €18.00, following comments from chief executive Hugh Friel at the group's AGM in Tralee, Co Kerry.

Mr Friel told shareholders the weakening dollar and high raw materials prices could prevent it from reaching its earnings targets this year. He told the meeting that the group's business were performing ahead of last year so far.