A handful of Irish-related shares, including Tullow Oil, Glanbia and Bord Gáis owner Centria, were among the big stock market losers in Europe in the past year. Flutter Entertainment, which owns Paddy Power and Betfair, as well as Ryanair and Kerry Group were, however, among the big winners.
A group of milk suppliers who protested outside Kerry Group Headquarters in Tralee on Wednesday morning say they will escalate their protests if their demands to meet with management on milk price is not met.
Kerry Group’s share price shot up by almost 6% on the back of strong first-half earnings and revenue growth, positive full-year guidance, and the company claiming it is well-positioned to ride out any market disruptions borne by Brexit or global trade tensions.
There was a nail-biting final stage to the Kerry Group Rás Mumhan, as JB Murphy (Team Leinster) powered home to victory in the final dash up the hill in Killorglin in an exciting two-man sprint with his breakaway compatriot Sean Hahessy (Dan Morrissey-MIG-Pactimo).
Shares in Kerry Group have risen 2.5% after the food firm said it was in good financial shape to continue its worldwide acquisitions drive and to withstand fast-flowing changes in consumer preferences. In an interim management statement, Kerry said that it increased sales volumes and revenues and maintained its profit margins, with pricing having fallen only slightly in the group in the third quarter.
On Friday the US and Canada resolved enough differences to trigger a statement from US president Donald Trump to Congress that he intends to keep Canada as part of the new North American Free Trade Agreement (Nafta), setting in motion a 90-day clock for the parties to sign the agreement, writes John Whelan.
Interim injunctions against a Kerry Group employee — who the company says has removed confidential information about its brewing ingredients business — are to continue for a week following an agreement between the parties, the High Court has heard.