Cuisine de France owner Aryzta sees shares jump on North America profit outlook

Shares in Cuisine de France owner Aryzta jumped by as much as 7% on the back of a rise in underlying earnings, as well as expectations of an improved performance in its troubled North American operations.

The Swiss-Irish baked goods group, which also makes hamburger buns for McDonald’s, said underlying earnings before tax for the first half of its financial year rose by 12%, year-on-year, to just under €170m.