Aryzta shares fall to all-time low as US cuts bite

Shares dropped to €17.30 at the close of trading on Friday

Barry J Whyte

Chief Feature Writer @whytebarry
25th March, 2018
Chief executive Kevin Toland

Irish frozen food company Aryzta has seen its share price hit an all-time low as it announced the closure of a distribution plant in California, resulting in 109 layoffs.

Aryzta’s shares dropped to €17.30 at the close of trading on Friday, an all-time low for the beleaguered company. The same shares had been trading at more than €33 in January.

According to reports, the distribution plant will cease operations on April 28 and the...

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