Thursday’s quarterly results failed to reassure investors over the difficulties experienced by the Kilkenny-based group’s performance nutrition business. CEO Siobhán Talbot is asking for more time to solve them; the company’s ownership structure means she’s likely to get it.
DuPont wants to spin out its nutrition and biosciences business. Kerry is said to be in the lead to buy it. The reported price tag is €22.5 billion, which is more than Kerry’s entire enterprise value. Could the deal work?
Many sectors face severe disruption if Brussels and London fail to seal a Brexit agreement in the coming days. One would disappear: milk production and processing in Northern Ireland.
Industry experts warn of a “disproportionate” impact on Ireland as new US tariffs are set to hit European exports in two weeks’ time.
The farmers who picketed meat factories have a legitimate expectation to break even, but the beef sector is unlikely to achieve this without a clear change in direction.
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