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.

SPECIALITY food group Aryzta published first-half results on Monday that impressed the markets.

THE merger of IAWS and Hiestand of Switzerland to form Aryzta, based in Switzerland, marks a significant step forward in the evolution of IAWS, which will trade for the last time today on the Irish Stock Exchange.

AS the economy faces into recession those in the food sector can take comfort form the fact that people have to eat.

Cuisine de France owner IAWS has announced a €2.3bn merger with Swiss bakery firm Hiestand. The Irish company already had a 32% shareholding in Hiestand.