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.

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.

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

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.

Chief executives across the Anglo-Saxon corporate world have been gorging themselves in recent years, but has the time come to start snatching away some of the plates?

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.

One51 — the investment firm which is owned by, among others, 50 agricultural co-ops around the country — has received an approach from private equity fund CapVest of €1.80 per share, it has been confirmed.

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

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.

Irish-Swiss baked goods producer, Aryzta has strengthened its presence in Scandinavia, via the acquisition of Danish firm, Mette Munk for an estimated €50m.

Cork City Council has given the go-ahead for a major c 200,000 sq ft office development plan at Albert Quay, Cork.

Planners have given the green light for a €50m, nine-storey office block which could deliver up to 2,000 jobs for Cork city.

WHAT value Cork’s prime docklands sites now?

Irish-Swiss bakery group Aryzta has hinted it will likely play a part in any upcoming anticipated growth in consolidation within its sector.

The makers of the Cuisine de France brand of breads and cakes, Aryzta, saw its shares surge yesterday after the company out-performed analysts’ expectations.

Aryzta has said that it expects its underlying earnings per share to show a return to double-digit percentage growth next year.

Irish-Swiss bakery group Aryzta is uniquely positioned to capitalise on changes in the North American baked goods market, according to Davy stockbrokers.

Irish-Swiss bakery group Aryzta slashed its combined executive management pay levels by over €10m in its last financial year — a move which saw chief executive, Owen Killian, take a €3m pay cut.

Irish-Swiss food group Aryzta has reported a strong set of annual results, including a near 13% increase in profits, but has warned about the threat of continuing weak consumer spending levels and rising food inflation.

Dairygold and Glanbia have discussed buying out the stake held by IAWS in The Malting Company of Ireland Ltd, whose premises is located beside the South Link Rd in Cork City.

First-half revenues at Irish-Swiss bakery group Aryzta grew by nearly 1% — with its North American interests driving growth and offsetting a disappointing showing from its European operations.

This week’s revelation that Aryzta boss Owen Killian was paid a whopping €7m failed to spark an outcry, due in part to the deliberate low-profile enjoyed by the Roscommon man and the Swiss-Irish firm he heads, says Kyran Fitzgerald.

ARYZTA chief executive Owen Killian saw his total remuneration jump by around €5 million to €7m in the group’s last financial year, making him the highest paid head of a publicly-quoted Irish company.

ARYZTA, the Irish-Swiss bakery group, is to invest €100 million per annum for the next three years improving internal efficiencies.

YOUNG farmers will be among the thousands of Irish people drawn to an Australian recruitment drive in Dublin this week.

THE international speciality baking group Aryzta has been sustained by strong sales in the first nine months of the year that were backed by earlier acquisitions.

TAOISEACH Enda Kenny should have a great golf handicap after being gifted membership of three clubs, according to information released on Oireachtas members’ interests.

IN times of economic uncertainty the ability of some firms to buck the trend is always reassuring.

A businessman who saved up to 70 jobs by buying back his family bakery has called on people to support local produce.

A SMALL Donegal town has suffered a devastating blow after a bakery last night blamed rising costs and a drop in sales for the loss of at least 124 jobs.

There are fears for almost 200 jobs at a bakery in Donegal.

THE food and drinks sector continues to provide solid evidence that this economy still has something to build on for the future.

THE head of the controversial National Paediatric Hospital Development Board, Philip Lynch, has resigned his position.

SPECIALITY bakery group Aryzta has reported an 8.6% fall in underlying sales for the year to €3 billion.

THE uncertainties in the global economy are reflected in the annual results of Aryzta with sales in its key geographic areas, Europe and north America, both down.

PRIVATE hospital group Mount Carmel expects revenues to have increased 5% to €67 million for last year but the company remains locked in discussions with AIB regarding its future.

IRISH-SWISS bakery group Aryzta saw its share price jump by more than 5% yesterday on the back of announcing three significant international development deals, with a combined value of €385 million.

ONE51 boss Philip Lynch will attempt to silence his critics at tomorrow’s AGM by giving detailed answers to all the concerns they have raised about his handling of the group.

ONE51, the investment group headed up by former IAWS chief Philip Lynch, has reported a 14% year-on-year increase in first half earnings before interest, tax, depreciation and amortisation (EBITDA) to €26 million.

SIGNIFICANT transactions featuring the likes of CRH, C&C, Greenstar and Icon helped boost Irish merger/ acquisition (M&A) activity in the second quarter of the year, with 20 more deals than during the first three months of the year.

THE Lord Mayor of Cork has called a meeting of the city’s TDs as part of a new drive to secure Government funding for an €80 million bridge that will help kickstart the city’s docklands regeneration.

ARYZTA, the Irish-Swiss bakery group, has successfully raised $120 million (€99.3m) to partly fund the two acquisitions it announced earlier this week.

ARYZTA, the food company formed from the merger of IAWS and Swiss bakery group Hiestand, has spent $1.08 billion (€900m) to acquire Fresh Start bakeries and Great Kitchens in the US.

Swiss-Irish food company Aryzta has paid a billion dollars to acquire a frozen pizza company and a bakery group that specialises in making hot dog and hamburger buns.

ONE of the key founders of the Irish co-operative movement was commemorated this week with ceremonies in Mount Jerome Cemetery, Dublin, where he is buried, and in Churchtown, north Cork, where he was born 150 years ago.

THE Irish stock market gained about 2% yesterday, but shares other than the main banks were the news-makers.