After failed bid from Kerry Co-op, Kerry Group CEO Edmond Scanlon says dairy plans are ongoing. However, the vexed question around a stalled plan to spin out the group’s stake in its dairy production arm into a joint venture with farmers through Kerry Co-op was raised. Kerry Group said a strategic review of the dairy-related businesses in Ireland and the UK is ongoing, language that suggests it will look to sell. Kerry Group now expected to achieve “strong volume growth and are guiding adjusted earnings per share growth of 11- 15pc in constant currency”, Mr Scanlon said. Kerry’s Taste & Nutrition division recorded growth of 2pc, while its Consumer Foods division reported volume growth of 1pc, led by “strong growth” in meat snacking.

Source: Irish Independent April 30, 2021 01:30 UTC