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.

Musgrave is ‘open’ to increasing the number of Donnybrook Fair stores but has stopped short of saying whether it wants to expand its newest subsidiary brand outside the greater Dublin area.

Cuisine de France bakery owner Aryzta has agreed on an underwriting deal with five banks, setting the stage for raising €800m in new capital to strengthen its balance sheet.

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.

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.

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.

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.

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

IT’S good to welcome newcomers to this year’s collection of mince pie makers.

Irish-Swiss bakery giant Aryzta is set to further expand its US operations by acquiring flatbread specialist Pitapan in what is widely being viewed as a modest bolt-on buy.

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.

I was on a different continent when Ireland missed a host of chances before Thierry Henry handled in Paris.

Irish-Swiss bakery group Aryzta has described as satisfactory a first quarter performance which saw revenue growth of 9%, to just under €1.1bn.

A Dublin businessman has today lost a legal challenge to a finding by a Revenue official that he and his wife engaged in a tax avoidance scheme.

IT’S apple season, which means the best of vitamins and minerals are falling from the trees.

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.

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.

ARYZTA, the food group formed from the 2008 merger of Dublin-based IAWS Plc and Swiss bakery group Heistand, has reported a solid rise in sales of 36% in the first half to €1.89 billion.

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

Efforts are underway today to save as many jobs as possible at Gallagher's Bakery in Ardara, in Co Donegal.

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.

SPECIALITY bakery group Aryzta’s first-quarter results to the end of October 2010 show strong revenue growth boosted by recent acquisitions.

FOOD group Aryzta, formed out of IAWS and Swiss bakery group Hiestand, has reported flat earnings for the first half of the current year.

Cuisine de France owner Aryzta AG today reported pre tax profits of €218m at its food division for the year ended July, 2008.

THE Competition Authority has confirmed that retailers are pressuring suppliers – including the top Irish food firms – for better deals.

PROPERTY developer Bernard McNamara and public relations consultant James Morrissey, directors of the company Varleigh, are pursuing Ronan McNamee and the IAWS food group for breach of contract.