FTSE 100 Live: Stocks flat as Trump says Strait of Hormuz to open in days; Reeves faces growth downgrade
Magners owner hits out at Reeves as hospitality crisis hits sales Hospitality The maker of Magners and Bulmers cider missed its profit and revenue targets this year, blaming Rachel Reeves’ Budget and the “financial stress” it caused pubs and bars. C&C Group, which also owns the Orchard Pig and Jubel brands, said it is seeing resilient demand for cider and beer but plummeting sales of high-alcohol drinks [...]
Bulmers help C&C outperform the alcohol market Business Drinks company C&C has reported results in line with expectations as its core brands Bulmers and Tennent’s outperformed the market. The company has also reconfirmed its commitment to return a minimum of €150m (£125m) to shareholders over the next three years, adding that it has already completed €38m of buybacks. C&C will pay an interim [...]
Magners Cider maker C&C pushed to go private by activist investor Markets Magners Cider maker C&C Group has been targeted by activist investor Engine Capital, demanding a strategic review process that could lead to the business falling into private hands.
Shares in Tennent’s and Magners maker C&C plunge as chief steps down over accounting errors June 7, 2024 In a "summary" of its unaudited results for the full year 2024, C&C said it expects revenue to be down two per cent on the previous year.