Aryzta chairman Gary McGann. Photograph: Getty Images

A group of dissident shareholders in Aryzta is understood to be open to dropping its demand that chief executive Kevin Toland step down from the board(...)

Shares in Aryzta are down more than 85 per cent from when the company raised about €800 million in an emergency share sale in late 2018.

A group of dissident shareholders Aryzta has accused the baked goods group of “delaying tactics” in only agreeing to hold an extraordinary general mee(...)

Aryzta CEO Kevin Toland and chairman Gary McGann persuaded shareholders to back a 2018 rescue fundraise. Photograph: Arnd Wiegmann/Reuters

Spanish activist investor Cobas Asset Management, the largest shareholder in Swiss-Irish baked goods group Aryzta, is back. And this time it’s got com(...)

 Cuisine de France is one of Aryzta’s brands. Photograph:  Nick Bradshaw

Has Aryzta inched closer to selling its troubled US arm? That’s now the single biggest question hanging over the business. The Swiss-Irish baked goods(...)

Cobas, Aryzta’s largest shareholder, has been pushing for changes since at least 2018. Photograph: Arnd Wiegmann/Reuters

Swiss-Irish baked goods group Aryzta has announced a strategic review of the company on foot of another slump in its market valuation. The company be(...)

The New York Stock Exchange, where stocks fell sharply for the second day on Wednesday. Photograph: Mark Abramson/The New York Times

Travel stocks, automakers and banks led a slide in European shares on Wednesday as fears of a resurgence in coronavirus cases and a worrying outlook f(...)

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(...)

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