UBS increases Aryzta stake to over 5 per cent

Swiss bank UBS has ramped up its stake in troubled Irish baker Aryzta as the company’s share price continues to plunge, effectively reversing its move a month ago to slash its position.

Last week, UBS pushed its stake from below the notifiable threshold - the position below which it doesn’t have to tell the stock market - to 5.06 per cent, with the shares trading around €12.50.

In early June, it had cut ...