Aryzta CEO Kevin Toland and chairman Gary McGann attend the company’s annual shareholder meeting in Duebendorf, Switzerland, on Thursday. Photograph: Arnd Wiegmann/Reuters

Shares in troubled Swiss-Irish bakery firm Aryzta have slumped 23 per cent since shareholders narrowly approved the company’s €790 million rights issu(...)

Aryzta chairman Gary McGann told shareholders the resolution to raise €800 million in fresh equity was “a last resort and never a first resort”. Photograph: Arnd Wiegmann/Reuters

Shareholders in troubled food group Aryzta have narrowly voted through a proposed €790 million capital raise, which the company insists is necessary t(...)

The European Commission has given Italy’s populist government three weeks to redraft its 2019 budget or face European sanctions

The European Commission has given Italy’s populist government three weeks to redraft its 2019 budget or face European sanctions. The move, likely to p(...)

Cobas, which owns about 14.5 per cent of Aryzta, demanded earlier this month that the Swiss-Irish company behind Cuisine de France go cap in hand to shareholders for half the amount it plans to raise

Aryzta’s main shareholder, Cobas Asset Management, has accused the baked goods maker of “drawing an unduly grim picture” of its current financial situ(...)

Kevin Toland, CEO and Dan Flinter non executive director of Aryzta at the company’s agm in Dublin last year. Photograph: Alan Betson

Aryzta shareholders have been advised to vote down the company’s planned €800 million rights issue, which management says is needed to pay down debt a(...)

Cuisine de France owner is under pressure to hold a second egm over the scale of its planned fundraising. Photograph: Nick Bradshaw

Aryzta, the troubled Irish-Swiss baked goods group, has been urged to halve the scale of a planned €800 million rights issue designed to pay down debt(...)

Shares in the owner of the Cuisine de France brand in Ireland have slumped by as much as 87 per cent in the past three and a half years

Aryzta’s chairman Gary McGann has urged shareholders to back the group’s planned €800 million share sale to cut debt, saying high borrowings are stand(...)

Sean Dunne: last week described by a judge as “deeply dishonest”. Photograph: The Irish Times

The Sunday Business Post has an exclusive interview with Irish developer Sean Dunne, who claims the State has pursued him as if he was “the Ace of Spa(...)

Aryzta chief executive Kevin Toland and non-executive director Dan Flinter:  must get the €800 million capital raise across the line. Photograph: Alan Betson

In the context of a near-three-year-long plunge in the share price, a sequence of profit warnings and missed earnings targets, and the ousting of the (...)