Ireland’s Kerry Group and France’s Danone are “in the vanguard” of sating global consumer demands for natural foods but they face huge challenges, according to a major report by Davy.

Kerry Group has boosted its core ingredients and flavours business and upped its presence in the growing nutritional solutions market, via the purchase of three US businesses for a combined $735m (€645m).

TOUR de France cyclists exploit the slipstreams of their competitors in ‘le peloton’.