Europe worries as Wall Street pushes ahead on benign inflation data
Indices in Europe end last full trading week with losses as Washington again battles to stop government shutdown
News, analysis, and features on Irish-headquartered food multinational Kerry Group
Indices in Europe end last full trading week with losses as Washington again battles to stop government shutdown
The Kerry shareholders’ deal has seen millionaires minted and new sheds, tractors, fields and even yachts to cross the Shannon envisaged
Deal includes Dairygold, Charleville and Cheesestrings brands and is worth a total of €500m which will be funded through buyback of some co-op shares and debt
Farmers who backed the big risks taken by Brosnan and his successors will get an average of €120,000 each
Fed to deliver verdict on Wednesday with Bank of England the following day
Co-op shareholders in line to split €1.4bn worth of Kerry Group shares
FTSE 100 closes down 0.5% marking steepest one-day fall in three weeks
UK’s FTSE 100 slips amid weak services data
Pan-European STOXX 600 jumps 1.2%, best daily performance in two months
Quiet day on Dublin market as banks nudge upwards
Iseq follows peers as food sector heavy hitters retreat
Banks lead Dublin market higher.
Co-op will take a 70% stake in Kerry Dairy Ireland, with an. option to buy remaining share by 2030
Interest rate cuts in both the US and Britain are the focus for a session where only the FTSE 100 dipped
Dublin’s Iseq finished up 2.25% while FTSE rebounds
Wall Street tumbles after warnings from Microsoft and Meta Platforms about escalating AI costs
Records show lobbying push from Kerry Group and Dawn Farms against proposal to phase out flavourings
Unilever leads household goods companies higher, while Kerry Group advances in Dublin
Irish food groups retreat while Dalata finishes flat
Homebuilders rise but banks have mixed day
Iseq down 0.96% while Stoxx Europe 600 Index ended session 0.2% lower
Alphabet stock falls 1.8% after US justice department signaled it may force Google to divest parts of its business
Shares in UK’s largest sandwich maker rose as much as 9 per cent in early trading
Stoxx Europe 600 Index climbed 0.6% with auto stocks gaining the most after EU voted to impose tariffs on EVs from China
AIB and Bank of Ireland slide slightly as Kingspan edges higher
The pan-European Stoxx 600 index closes 0.4 per cent higher
Banking stocks rise on Irish market as Ryanair retreats
Irish banking stocks fall and food companies have subdued day
Heightened spend reflects surge in stock repurchases on both sides of the Atlantic following drop-off in 2023
Colleagues described him as being unflappable under pressure, generous with his time and a consummate professional
Stoxx 600 Index has rallied for the past four straight weeks, longest streak since March
Hayes died on Tuesday surrounded by his family at the University Hospital Galway after an illness ‘bravely borne’
Market in Dublin climbs 0.5% as it is buoyed by a strong showing from budget airline Ryanair following O’Leary comments
Iseq index slips 0.4% amid declines for Glanbia and Ryanair
Global markets recover much of ground lost in previous few days
Euronext Dublin rose 0.6% but traders note market muted with trading volumes down about 25%
Financials and tech stocks worst hit as indices show a sea of red
Food group raises full-year earnings per share guidance as other regions offset challenging markets in Europe
Kerry and Glanbia were both higher by the end of the day, adding 0.33 per cent and 0.16 per cent respectively
Iseq All-Share index dipped 0.4 per cent to 9,545.64, with heavyweights Kerry and Ryanair declining
Banks among the sectors under pressure in Europe, while Wall Street stocks advance
State needs to incentivise public equity investment as paucity of new listings a cause for concern for wider economy
Food producers ordered to phase out existing smoky flavourings for meats and crisps over health concerns
Subdued week for stock markets amid uncertainty about the likely path for interest rates
On the Iseq banking stocks were largely higher, with AIB gaining
US stocks maintain momentum as Dow Jones breaches 40,000-mark
Britain’s FTSE 100 finishes at new high for fifth consecutive trading session
Consumer demand ‘relatively subdued’ in first quarter
Food company Kerry Group warned former taoiseach about potential impact on Irish industry, lobbying correspondence shows
Stoxx 600 notches first monthly loss in six even as data signals improving economic fundamentals
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