Food group Kerry has completed the acquisition of Cargill’s global flavours business in a deal worth $230m (€170m), the company said today.

Food group Kerry has reported pre-tax profits of just under €298m for last year, up from €268.6m in 2004, as sales grew by 7% to €4.4bn.

The ISEQ ended the day down 15.49 points to finish at 6,157.28 as traders began to wind down for the Christmas holidays.

THE Irish Market had a second successive day of losses shedding 0.90 points to close at 6063.12.