Kerry Group plc (KRZ.IR)

Ingredients giant Kerry sees no risk from U.S. election, China trade tension

Irish food ingredients multinational Kerry Group sees no significant risk to its business from either the upcoming U.S. elections or trade tensions with China, Chief Executive Edmond Scanlon said in an interview on Thursday. The food and beverage sector is likely to be "pretty immune" to changes in the regulatory environment and changes in consumer behaviour in the wake of the Nov. 5 election in the United States, Kerry's largest market, said Scanlon. Asked if any post-election cut to U.S. corporate tax rates to levels closer or lower than Ireland might prompt the company to move its domicile, Scanlon said the company "wouldn't be making any rash decisions on moving anywhere".