Magners maker C&C Group hit by Scottish drink-driving rules
2nd Jul 2015 08:13
Magners and Blackthorn cider maker C&C Group said it experienced a "mixed" first quarter due to adverse weather conditions and tightening of drink-driving regulations in Scotland. Nevertheless, the company said that after a weaker-than-expected start, a "gradual improvement" is expected as the year
Read moreC&C confirms end of Spirit pursuit, leaving way clear for Green King
6th Jan 2015 15:29
Irish drinks maker C&C Group has called off its pursuit of Spirit Pub Company, as recently rumoured, leaving the way clear for Greene King to complete its recommended £723m takeover. C&C, which makes Magners, Bulmers and Gaymers ciders as well as Tennent's lager, said a combination with Spirit no lo
Read moreSunday share tips: Betfair, Workspace Group, VP
30th Nov 2014 15:32
Investors should back the judgment of Breon Corcoran, the Chief Executive of Betfair, Matthew Goodman argued in the Sunday Times. In the Inside the City column, Goodman said Corcoran had quietly got Betfair into shape by cutting regulatory risk and imrpoving its website, taking the shares above the
Read moreLondon midday: Stocks erase gains after UK construction data, Eurozone growth forecasts
4th Nov 2014 11:25
A slowdown in UK construction expansion and downgrades to Eurozone growth forecasts hit UK stocks on Tuesday morning, with the FTSE 100 having erased early gains by lunchtime. Well-received results from Imperial Tobacco, Associated British Foods and Legal & General weren't enough to prop up the benc
Read moreLondon open: FTSE rises as earnings impress, but oil stocks fall
4th Nov 2014 08:31
The UK stock market opened tentatively on Tuesday, with declines in the energy sector offsetting some well-received results from blue chips Legal & General, Associated British Foods and Imperial Tobacco. The FTSE 100 was up 0.2% at 6,503 in early deals. However, upside was being limited by falls fr
Read moreC&C Group H1 revenues up despite 'challenging' US and UK markets
29th Oct 2014 11:31
Irish drinks group C&C increased its revenues for the full-year despite lower than expected sales from the US and UK markets. The group said the UK cider business "remains challenging" with its brand Magners underperforming during the first half of the year ended 31 August 2014. In the US, its Wood
Read moreShorecap reviews C&C 'buy' after Spirit rebuffs approach
24th Oct 2014 15:17
Shore Capital is putting its 'buy' advice on C&C under review after the Irish drinks group said it was in talks about a possible counter-bid for Spirit Pub Company. C&C said on Friday that it was considering making an offer for Spirit, which has already indicated it would accept a £723m bid from riv
Read moreC&C set to make rival bid for Spirit Pub Company
24th Oct 2014 08:43
Irish drinks group C&C has muscled in on rival Greene King's £723m attempt to buy UK pub group Spirit Pub Company. C&C, which makes Magners, Bulmers and Gaymers ciders as well as Tennent's lager, said it had made an initial approach to Spirit and was in talks about a possible offer. Spirit has alre
Read moreSector movers: Beverage stocks slip after Heineken sales fall
22nd Oct 2014 13:45
UK beverage stocks were slightly lower on Wednesday after a gloomy update from Dutch brewing giant Heineken which blamed recent bad weather in Europe for a drop in third-quarter sales. Heineken, famous for its eponymous brand and other drinks such as Strongbow, John Smith's and Kronenbourg, unveiled
Read moreC&C toasts solid performance
3rd Jul 2014 07:35
- Solid performance in first four months of the year - Tougher comparatives in second quarter - On track to deliver mid-single digit operating profit growth Magners cider brewer C&C Group toasted a solid quarterly performance and said it remains on track to deliver mid-single digit operating profit
Read moreSector movers: Diageo-SAB tie-up rumours lift beverages
30th Jun 2014 15:08
A potential tie-up of the beverages sector's two-largest constituents gave the category a boost on Monday, on an otherwise subdued session in London with the wider market in search of direction. Shares in Diageo and SABMiller were on the rise today, up 1.8% and 0.2% respectively, after it was rumou
Read moreSector movers: SABMiller lifts beverages on M&A rumours
10th Jun 2014 13:48
M&A speculation surrounding SABMiller increased the demand for beverages stocks on Tuesday. Shares in the Coors Light, Grolsch and Peroni maker were up 2% at 3,340.5p in afternoon trade after the Financial Times reported on "rumours" regarding a potential takeover. The paper cited analysts at Sant
Read moreEuromoney Executive more than halves stake
15th Nov 2013 16:08
Bashar AL-Rehany, an Executive Director of Euromoney, the international publishing business, this week sold 22,485 shares, reducing his stake to 14,791. The £252,500 disposal, which was made on behalf of his wife, saw the shares sold at 1,123p a piece. The sale was made on Thursday, the same day
Read moreCarclo FD sells portion of bonus to cover tax
15th Jul 2013 15:37
The Finance Director of technical plastics products supplier Carclo made 57,077 pounds from the sale of a portion of shares received under the firm's bonus programme. Half of the shares conditionally awarded to Robert Brooksbank in July 2010 under the Performance Share Plan 2007 vested last week. T
Read moreKCOM CFO sells half a million shares
29th Jan 2013 16:21
The Chief Financial Officer (CFO) of KCOM, the FTSE 250 broadband and communications provider, sold half a million shares at 73.5p each. Paul Simpson, who has held the role of CFO since May 2004, earned £367,500 before tax from the transaction. He now holds 1.02m shares in the group, equal to 0.1
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