Aryzta shares drop as first-half earnings disappoint

The company has named KPMG senior partner David Wilkinson as interim CFO

Aryzta shares fell in early trading

Shares in troubledSwiss-Irish food group Arytza slid by more than seven per cent after it reported a 31 per cent drop in first-half earnings before interest, tax and amortisation (EBITA) to €158.5 million, below market expectations, while its revenues fell by 2.8 per cent to €1.9 billion in the six months to the end of January.

The company, which owns Cuisine de France, said revenue from its European business fell by 2.3 per ...