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.

Shares in Cuisine de France owner Aryzta surged by as much as 9% on the group announcing a deal to finally sell the bulk of its stake in French frozen food retailer Picard.

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.

The chairman of Irish-Swiss foods firm Aryzta has said he is unsure he would have taken on the job if he had realised the challenges facing the troubled business.

Aryzta shares have surged nearly 10% on the back of the Cuisine de France owner reporting revenues of €862.3m for the first quarter of its financial year.

Shares in Cuisine de France owner Aryzta plunged by nearly 17% — wiping around €120m off the company’s value — after its AGM saw investors narrowly approve the food group’s funding plans and give only moderate backing to the company’s management.

Aryzta shares have fallen more than 4.4% as a row over the size of the Cuisine de France-owner’s planned capital raise next month deepened.

Troubled Cuisine de France owner Aryzta is still expected to sell its 49% stake in French food retailer Picard in order to pay down debt before its financial year closes at the end of July.

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%.

Cuisine de France owner Aryzta is to refocus its attention on its business-to-business frozen bakery and European food solutions divisions as challenges at its North American arm continue to eat into group earnings.

The huge run up for shares of US giants, such as Facebook, Apple, Amazon, and the Alphabet-owned Google, as well as semiconductor stocks, may have peaked, according to the latest global outlook from Merrion Capital.

Shares in Cuisine de France owner Aryzta fell by nearly 9% yesterday on the back of the group reporting flat quarterly underlying revenues and a fall in business in North America.

The chairman of the daa is looking for more flexibility when it comes to the government-imposed pay cap that might prove restrictive as the semi-state body searches for a new chief executive.

Troubled baked goods group Aryzta has hired Kevin Toland from the Dublin Airport Authority (DAA) to be its new chief executive.

Shares in Cuisine de France owner Aryzta fell by over 4% yesterday after the company tempered speculation it was closing in on a sale of its controversial 49% stake in French high-end food retailer Picard.

Shares in Aryzta fell more than 7% at one stage yesterday before sharply paring losses, as the troubled Irish-Swiss baked goods company said it plans to accelerate its management shake-up.

Shares in Cuisine de France owner Aryzta jumped by almost 12% yesterday on the back of the troubled group launching a recovery bid which will see founder and chief executive Owen Killian leave the company and its investment strategy reviewed.

January has seen a number of large public companies issue profit warnings, something which is set to become commonplace, writes Kyran Fitzgerald.

Cuisine de France owner Aryzta saw its share price dip yesterday despite it successfully launching its debt restructuring round at an attractive yield.

Aryzta chief executive Owen Killian has seen his near-€1m annual performance-related bonus ‘withheld’, pending improvement in the troubled food group’s yearly earnings.

Shares in Irish-Swiss baked foods group Aryzta fell by nearly 2% yesterday on the back of a significant fall in annual profits and management suggesting volume declines and contract renewals will negatively impact its 2017 earnings capability.

Last week we hosted an Investor Day to showcase 9th Irish Food and Agri-companies to existing and potential shareholders.

Shares in Cuisine de France owner Aryzta slid nearly 7% yesterday after the company reneged on assurances it wouldn’t incur any restructuring costs this year and said around 2% of its global workforce may be cut as part of ongoing cost-cutting initiatives.

Farmers can hope to see milk prices improve in early 2017, by which time Ireland will have increased dairy sales into China, Africa, and the Middle East, says Ornua chief executive Kevin Lane.

The majority of European equity markets finished in negative territory after a turbulent session yesterday.

Shares in Cuisine de France owner, Aryzta fell by almost 10% yesterday — making it one of the day’s worst performing European stocks — after the group forecast “erratic” revenue performance for the next 18 months.

Management at Aryzta has pledged to focus on recovering the food group’s underlying growth potential, on the back of a disappointing set of annual results where recent acquisitions provided the only real high point.

Agri-services group Origin Enterprises has been touted as a potential takeover target, within the analyst community. There is speculation that former majority shareholder Aryzta may further reduce its stake in the business.

Concerns that up to 1,000 children may have been “trafficked” to the US from the Tuam were raised in 2012, a college student who got seven A1s in the Leaving Certificate believes the system is stacked against the students and O' Connell leaves Munster with IRFU blessing. These are some of the latest and most read news stories on irishexaminer.com this morning.

Revenues at food company Aryzta climbed by more than 13% to over of €970m over the three months to the end of April despite flat trading in one of its core markets.

Irish-Swiss baked foods business Aryzta is using the €400m or so it will get from the near halving of its stake in Dublin-based agri-services business, Origin Enterprises to acquire a 49% stake in French speciality premium food business Picard.

A private equity-backed management buyout of Carroll Cuisine believed to value the company in the region of €40m, has been completed.

Here’s a run down of today’s business headlines.

Origin Enterprises chief executive Tom O’Mahony expects the company to enjoy continued growth this year, driven by dairy sector expansion and via acquisitions outside of its core UK and Irish markets.

European markets continued their recent yo-yo trend, following Wednesday’s down day with strong gains yesterday. 

European bourses moved strongly in afternoon trading yesterday to show decent gains across the board.

All the major European equity markets finished in negative territory yesterday. Markets opened down following an announcement late on Thursday by Spanish bank Santander that it had raised €7.5bn in a share sale and that it is to cut its dividend. The stock was down 14% at the close yesterday.

Ireland is expected to be one of the stand-out economies in the eurozone, this year, with GDP growth of around 4%.

European equity markets, with the exception of Norway, finished in negative territory yesterday following a turbulent day of trading. Data released by Markit Economics showed the eurozone final December Composite PMI came in at 51.4. 

European equity markets were down across the board yesterday as political uncertainty surrounding Greece and falling oil prices pushed markets lower.

Contributions from recent acquisitions have continued to drive growth at Irish-Swiss baked food group, Aryzta into its current financial year.

Last week three significant aviation companies provided updates to the stock market on their financial performance.

European markets rebounded yesterday after weaker sessions on the first two days of the week. Most markets posted gains of over 1% as all eyes begin to turn to the ECB rate announcement and subsequent press conference today.

Irish-Swiss baked foods producer, Aryzta paid its executive management team 15.5m Swiss francs (€12.8m) in the last financial year, a 70% rise on the previous year.

Irish-Swiss baked foods group Aryzta has reported a near-7% rise in annual revenues, with the contribution from acquired subsidiaries growing almost 12% on the previous year.