Sector movers: Beverage stocks rise after SABMiller's decent Q3
22nd Jan 2013 15:29
A well-received third-quarter trading statement from drinks giant SABMiller lifted beverage stocks higher on Tuesday, as markets celebrated an acceleration in sales growth for the Miller Lite and Foster's maker. Reported revenues, which include the effect of acquisitions and disposals, increased by
Read moreC&C buys US firm as UK markets dry up
23rd Oct 2012 10:05
Magners cider brewer C&C Group confirmed it is to buy Vermont Hard Cider to boost its presence in the fast growing US market while sales of cider in the UK fell after a washout summer. Operating profits fell 2.7% to €65.6m for the six months to the end of August from the same period a year earlie
Read moreSector movers: SABMiller lifts beverage stocks higher
27th Jun 2012 15:34
SABMiller and C and C were making decent gains on Wednesday, lifting the beverages sector to the top of the pile. SABMiller, the beer giant famous for its Peroni-, Foster- and Miller-branded lagers, was up nearly 3% in afternoon trade after some upbeat comments from Galvan Research. "SABMiller inv
Read morePoor weather dilutes C&C first quarter
27th Jun 2012 07:55
C&C Group, the Magners cider brewer, said poor weather in the UK and Ireland resulted in weak cider numbers for the first quarter but it remains confident in earnings growth for the full year. Operating profit for the full financial year is expected to be in the range of €112m to €118m, it said. I
Read moreMagners brewer sees cider sales turn sour
16th May 2012 13:11
C and C Group, the Magners cider brewer, posted a rise in pre-tax profits despite a decline in revenues during a challenging year for the company. Revenue fell from €770m to €716.7m, but a reduction in costs and finance expenses contributed to an increased profit before tax of €110.9 (2011 €79.5m)
Read moreC&C chief executive steps down
19th Oct 2011 08:07
Irish cider maker C&C's chief executive John Dunsmore is to step down after steering the company through a tough three years. C&C's Magners and Bulmers cider brands enjoyed phenomenal marketing success in the earlier part of this century, but ran into tough times when economic conditions worsened,
Read moreEarly summer boosts C&C's cider and beer sales
29th Jun 2011 09:21
Magners and Bulmers cider group C&C enjoyed a respite as drinkers slaked their thirst during the unseasonably warm weather in the three months to 31 May. Sales of Magners, which is sold in the UK and overseas, were up by 14.9% in volume terms, with revenues up by 11.5% in value terms. The growth wa
Read moreSector movers: SABMiller toasts management change, beverages higher
27th Jun 2011 15:50
The beverages sector is going well today, helped by brewing giant SABMiller, famous for its Miller- and Peroni-branded lagers. The company revealed on Monday that Domenic De Lorenzo, who is responsible for mergers and acquisitions, corporate strategy and development, will join its Group Executive C
Read moreHome market a drag on growth at Magners maker C&C
18th May 2011 16:43
Magners cider maker C&C Group said that while things are a bit flat in its home market of Ireland, its volumes shipped in Great Britain are growing faster than the cider category as a whole. "The UK, as the world's largest cider market, continues to grow and attract new entrants to the category. Ma
Read moreLondon close: Late recovery not enough
14th Jan 2011 16:39
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers. The sector was hurt by speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve
Read moreLondon afternoon: Deficit narrows
14th Jan 2011 15:15
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000. Miners are still lower amid speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve requirements
Read moreLondon midday: Mining retreat drags FTSE 100 lower
14th Jan 2011 12:11
FTSE 100 is now firmly in the red as miners retreat amid speculation that commodity hungry China may raise interest rates to cool inflation. The east Asian economic powerhouse has lifted reserve requirements on banks, underlining its determination to deal with inflation. Meanwhile, an increase in
Read moreLondon open: Intel results give ARM a leg-up
14th Jan 2011 08:37
Leading shares are mixed at the outset leaving the blue-chip index barely changed. Sparkling results after the bell in New York yesterday from chip-maker Intel has whetted appetite for chip designer ARM Holdings. The stock smashes its way to another 52-week high and is up 40% over the last month.
Read moreHome drinkers ease snow woe for C&C
14th Jan 2011 08:08
December's snowstorms took their toll on Magners cider group C&C, though better off-trade sales helped offset the impact on the pubs business. The adverse weather in December meant Magners volumes shipped to the UK on-trade were down 19% on the same month last year. But the the poor weather in th
Read moreSector movers: Drinks stocks raise a glass to SABMiller
18th Nov 2010 13:51
The drinks sector is fizzing after well-received results from brewing giant SABMiller. Pre-tax profits at the brewer of famous brands such as Miller and Peroni climbed to $1.69bn (£1.06bn) from $1.5bn over the same period the previous year as revenues rose to $9.43bn from $8.84bn. Earnings fell ba
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