Aryzta shares surge on upbeat earnings outlook

Shares in Cuisine de France owner Aryzta surged by nearly 11% on the company saying it is stabilising its business and remains on course to meet earnings targets.

Aryzta posted a 4.2% year-on-year drop in first-half revenues to €1.71bn, with underlying net profit plummeting by more than 22% to €39.5m.