Sterling’s slump since Britain voted to leave the EU continues to be a major conundrum for Ireland’s exporters.

Farm incomes rose 6% during 2015, but farmers argue that the real story is how far they lag behind other sectors.

Kerry Group has reaffirmed its commitment to its milk suppliers in Munster amid local surprise at group CEO Stan McCarthy’s decision to step down from his role as co-op chief executive.

Kerry Group has reaffirmed its commitment to its milk suppliers in Munster amid local surprise at group CEO Stan McCarthy’s decision to step down from his role as co-op chief executive.

John Daly takes us through the highlights form the second half of the business year.

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).

Ray Ryan reports on the new era for Irish food development, heralded with the formal opening of Kerry Group’s new innovation centre in Naas.

Kerry Group is set to spend over €500m on acquisitions this year, with chief executive Stan McCarthy saying the group is very busy in the takeover market.

A Cork stag party in Prague has been labelled a national embarrassment, a priest was jailed for four years yesterday for enlisting the help of members of the Continuity IRA, a young boy has told how he was buried alive for five days after the Nepal earthquake and the build up to the Mayweather V Pacquiao fight continues. These are some of the latest and most read news stories on irishexaminer.com this morning.

A key challenge for Kerry Group will be to meet ever-changing tastes and trends among consumers, chief executive Stan McCarthy yesterday told the food giant’s AGM, in Tralee.

Agricultural Science Association and Kerry Group hope a new award will help Irish graduates develop new food technologies.

Kerry Group is to invest much of its capital resources into driving organic growth this year but has said its acquisition pipeline remains strong, with an estimated €1bn available to spend.

Kerry Group expects to make further acquisitions in the second half of the year and is continuing to review its UK consumer foods division, which could result in non-core asset disposals.

Kerry Group’s pre-tax profits of €121.9m last year were down from €315m in 2012, but the markets yesterday reacted positively to the bigger picture of stable revenues of €5.85bn, against €5.84bn in 2012.

Kerry Group has kept its full-year growth targets unchanged despite reporting a better-than-expected 12% profit increase for the first half.

Never likely to lose the run of himself and indulge in over-the-top histrionics, one can truly tell Kerry Group is in good shape and on the right track when Stan McCarthy uses terms like “extraordinary” and “optimistic” to describe current group performance and outlook.

A Cork-based food and health research facility is to receive €50m in funding from the Government and private industry, with more than 100 jobs to be created by the investment.

Though Kerry Group plc is not implicated in the horsemeat scandal, it has had an impact on sales of some of its frozen products, especially those containing processed beef, according to group chief executive Stan McCarthy.

National suicide prevention and bereavement charity Console today opened Ireland’s first suicide resource centre in Tralee.

Kerry Group chief Stan McCarthy received a 12.3% pay increase last year, the food giant’s latest annual report shows.

Kerry Group is anticipating earnings per share growth of 7% to 11% for 2013, on the back of a set of 2012 figures which largely beat market forecasts.

Consumer foods group Kerry Group has said its sales revenue increased by 10.3% to €5.8bn in the year to the end of December.

Elizabeth Dunne

Kerry Group is to make significant acquisitions in emerging economies in 2013, and predicts a stronger milk price in global markets.

Kerry Group is to establish one of the world’s most advanced food innovation facilities in Co Kildare and in the process create up to 2,000 jobs in the local economy.

Shares in Kerry Group outpaced all its global peers in the past two months — allowing it to overtake Ryanair as the largest company with a main listing on the Irish Stock Exchange.

Kerry Group has upped its full-year earnings per share guidance on the back of a strong first-half showing, which saw profits rise by nearly 14% on a year-on- year basis.

The pharmaceutical sector is to play an increasinglyimportant role in Kerry Group’s continued growth in the coming years.

Kerry Group can offer Irish graduates opportunities all over the world, chief executive Stan McCarthy told the group’s AGM yesterday.

The executive directors of Kerry Group Plc have been on the receiving end of a 14% pay cut despite the fact that the company recorded pre-tax profits of €449.1m.

Kerry Group is likely to make further acquisitions this year on the back of a strong 2011, which saw the business generate a record trading profit of over €500m.

Kerry Group today reported adjusted pre-tax profits of €449.1m for the year to end December, up 10.8% on the €405.4m for 2010.

AGGRESSIVE strategies for securing scarce future supplies of food raw materials are being followed by major global companies in the food chain.

KERRY GROUP has acquired a German-owned sweet ingredients company.

THE potential for infant formula exports will be one of the main topics under discussion at the Agricultural Science Association (ASA) annual conference in Carton House Hotel, Maynooth, Co Kildare, on Friday, September 9.

KERRY GROUP saw pre-tax profits jump by 8%, year-on-year, in the first half of this year to €175 million, with group revenue rising by 8.4% to €2.6 billion.

Food group Kerry has reported pre-tax profits of €175.2m for the first six months of this year, up 8% from the €162m announced for the same period last year.

KERRY Group has given firm commitments on milk price and any capital investments required for future processing at strategy meetings with farmer groups in Dublin yesterday.