Aryzta shares jump despite continued revenue decline

Shares in Cuisine de France owner Aryzta have jumped over 4% despite ongoing problems in its US business dragging first-quarter group revenues down by 5.5%.

The Irish-Swiss baked goods producer said revenue for the three-months to the end of October came in at €909.7m. The fall was chiefly driven by a 11.5% slump in north American revenue.