Business Irish

Thursday 8 December 2016

Big week for Aryzta's Killian

Published 26/09/2016 | 02:30

Gary McGann has been appointed chairman at Aryzyta Picture: Mark Condren
Gary McGann has been appointed chairman at Aryzyta Picture: Mark Condren

it's a big week for Aryzta boss Owen Killian. After pulling off a coup last week with the appointment of Gary McGann as the company's new chairman, all eyes now turn to the Cuisine de France owner's full-year results, due out today.

  • Go To

Since Aryzta announced its purchase of a minority stake in French frozen retailer Picard last August, things haven't been going very well for Killian. The shares are lower than they were this time last year, and investors will be looking for improvements.

Outside Ireland, with major central bank policy on hold for now, politics will take centre stage with the first televised US presidential election debate tonight.

"The ECB, Fed and even BOE have held their meetings, and the markets can finally focus on something other than monetary policy," Societe Generale analysts said.

Opec members plus Russia are due to hold an informal meeting in Algiers on Wednesday. The organisation may be at its closest in years towards agreeing cuts in production quotas, with Saudi Arabia actively seeking a deal. Riyadh has offered to cut oil production if rival Iran caps its own output this year, according to sources familiar with the discussion. (Additional reporting Reuters)

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business