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04/07/2001
GOLDEN VALE CHAIRMAN IN CONFIDENT MOOD
THE Chairman of Golden Vale, Mr Pat McKenna, told shareholders at the AGM that "Much progress was made in furthering the strategic direction of the Group during 2000."
He also said that he was confident that the investments made by Golden Vale will deliver value for shareholders in the years ahead and he continues to be optimistic about opportunities for growth in the business.
Referring to the proposed offer from Kerry Group, Mr McKenna reiterated the Board position as announced yesterday that it "is inadequate and fails to recognise either the underlying value or the potential of the Company."
Speaking at the meeting, the Group Managing Director, Mr Jim Murphy said "Golden Vale has demonstrated strong financial performance, has a healthy Balance Sheet, has made the major investments for the future to enable sales to grow and has significant positions in many growth markets."
He also said the Company was well placed to grow significantly over the coming years, both organically and by future acquisition. "We have more than doubled our profits over recent years and we are confident the we have laid solid foundations for the future."
Commenting on the outlook for the current year, Mr Murphy said: "In line with our statement in February, significant cost pressures will result in lower margins in the first half. However, overall the outlook for the year is positive. We are experiencing strong sales growth in many markets and we expect this to continue."
Golden Vale operations span the manufacture and sale of a wide range of branded and customer label food products for international retail, industrial and food service markets.
With its headquarters based in Cork, Ireland, the company have many offices in Northern Ireland.
(CD)
He also said that he was confident that the investments made by Golden Vale will deliver value for shareholders in the years ahead and he continues to be optimistic about opportunities for growth in the business.
Referring to the proposed offer from Kerry Group, Mr McKenna reiterated the Board position as announced yesterday that it "is inadequate and fails to recognise either the underlying value or the potential of the Company."
Speaking at the meeting, the Group Managing Director, Mr Jim Murphy said "Golden Vale has demonstrated strong financial performance, has a healthy Balance Sheet, has made the major investments for the future to enable sales to grow and has significant positions in many growth markets."
He also said the Company was well placed to grow significantly over the coming years, both organically and by future acquisition. "We have more than doubled our profits over recent years and we are confident the we have laid solid foundations for the future."
Commenting on the outlook for the current year, Mr Murphy said: "In line with our statement in February, significant cost pressures will result in lower margins in the first half. However, overall the outlook for the year is positive. We are experiencing strong sales growth in many markets and we expect this to continue."
Golden Vale operations span the manufacture and sale of a wide range of branded and customer label food products for international retail, industrial and food service markets.
With its headquarters based in Cork, Ireland, the company have many offices in Northern Ireland.
(CD)
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14 August 2001
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale. After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale. After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
14 January 2004
Dixons positive on increased Christmas sales
Dixons Group, the UK's largest electrical goods outlet, announced that UK sales for the eight weeks ended 10 January 2004 rose 7% in total and on a like-for-like basis were 4% up. This was welcomed as positive news for the retailer which had suffered from two successive lean years during peak Christmas trade.
Dixons positive on increased Christmas sales
Dixons Group, the UK's largest electrical goods outlet, announced that UK sales for the eight weeks ended 10 January 2004 rose 7% in total and on a like-for-like basis were 4% up. This was welcomed as positive news for the retailer which had suffered from two successive lean years during peak Christmas trade.
19 April 2002
“Golden Thursday” jobs boosts for Irish Republic
Tánaiste Mary Harney proclaimed April 18 "Golden Thursday" after announcing that over 1,000 jobs are to be created in the Republic of Ireland over the next few years. Firstly, she confirmed that Churchill Insurance Group plc, the fifth largest general insurance company in the UK, is to create 600 new jobs over the next five years in Galway.
“Golden Thursday” jobs boosts for Irish Republic
Tánaiste Mary Harney proclaimed April 18 "Golden Thursday" after announcing that over 1,000 jobs are to be created in the Republic of Ireland over the next few years. Firstly, she confirmed that Churchill Insurance Group plc, the fifth largest general insurance company in the UK, is to create 600 new jobs over the next five years in Galway.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
