Aryzta’s profit fall may reflect a market shift

THE setback suffered by food giant Aryzta in Britain and Ireland, where food sales fell in the first quarter of its financial year, is hardly a big surprise.

Both economies are in deep trouble and the group is not unique in that sense.

Supermarket giant Tesco has just reported a halving of its British sales growth in its third quarter to the end of November after like-for-like sales grew 2%.