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Friday 18 August 2017

Aryzta shares slide by 5.9pc

food

The Swiss owner of Dublin-based Cuisine de France saw shares fall after first-half results led investors to sell the stock.

Revenues jumped 13.6pc to €2.39bn in the six months to the end of January.

Aryzta warned full-year profits will be at the lower end of its previous guidance.

Shares fell as much as 5.9pc on the Zurich stock exchange as Davy said it was a "disappointing result".

Aryzta was formed from the merger of Dublin-based IAWS and a Swiss rival.

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