Global economic crisis hits Aryzta where it hurts

THE uncertainties in the global economy are reflected in the annual results of Aryzta with sales in its key geographic areas, Europe and north America, both down.

That weakness seemed to be the focus of investor attention yesterday as the share price was marked down by about 80 cent by mid-afternoon.

Even at €33.20 the shares have stood up well in the past two years, having ended 2008, the year of the merger between IAWS and Hiestand, at €25 a share.