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Kerry shares on rise after strong results

FOOD group Kerry's share price jumped by more than 3pc after the foods and ingredients company posted first-half results ahead of expectations.

Overall revenue in the first half of 2011 reached €2.6bn, an 8.4pc rise on the same period last year.

Kerry Group chief executive Stan McCarthy, right, said the results displayed a "very strong margin performance" in light of the fact that raw material costs increased by 11pc.

Pre-tax profits increased to €175m in the first six months of the year compared to €162m in the same period in 2010, an 8pc increase.