Aryzta shares dive on profit warning

Shares in Cuisine de France owner Aryzta have plunged up to 21% after it issued a profit warning, saying full-year earnings will likely fall by around 20%, writes Geoff Percival.

The Irish-Swiss baked goods firm had expected earnings, on an earnings before interest, tax, depreciation, and amortisation basis, for the 12 months to the end of July to be in line with the previous year at around €420m.