C&C Group not affected by cybersecurity attack on subsidiary
The attack has been suffered by Matthew Clark Bibendum, which shut down all its IT systems
Company
C&C Group PLC
LON:CCR
C&C Group is a manufacturer, marketer and distributor of branded cider, beer, wine and soft drinks. Its portfolio of owned/exclusive brands include: Bulmers, the leading Irish cider brand; Tennent’s, the leading Scottish beer brand; Magners the premium international cider brand; as well as a range of fast-growing, super-premium and craft ciders and beers, such as Heverlee, Menabrea and Orchard Pig.
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C&C Group gets some comfort from off-trade in tough year
Cost savings measures across the group left it with €315mln of liquidity at the year-end
C&C Group says it returned to profit over the summer
“It is encouraging to see the business return to profit alongside the reopening of the on-trade in July," said interim executive chairman Stewart Gilliland
C&C Group shares rally as drink-at-home business partially offsets impact of pub closures for cider maker
The Bulmers, Magners and Tennant's brands have all seen a significant increase in 'off-trade' sales whilst the pubs were closed for the pandemic.
Berenberg upgrades rating for Magners cider maker C&C Group to ‘hold’ from ‘sell’
The German bank's analysts believe C&C’s funding levels should remain sufficient to weather the coronavirus crisis, despite undoubted immediate-term stresses
C&C benefits from Barclays upgrade as bank takes closer look at beverage sector
Barclays cut its valuation to 170p from 310p, but it raised its recommendation to ‘equal-weight’ from ‘underweight’ on the Irish maker of Magners and Bulmers cider
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FTSE 100 closes down nearly 11%; UK told it faces "worst public health crisis for a generation"
Britain's blue-chip index finished down 10.87% at 5,237. It has plunged over 30% in the last three weeks
Magners cider maker C&C Group targets double-digit earnings growth again this year
Earnings grew 21% last year following the “transformational” acquisitions of Matthew Clark and Bibendum from Conviviality, and C&C is guiding for something similar this time around
C&C’s profits fizz up thanks to hot summer and two “transformational” acquisitions
C&C snapped up drinks suppliers Matthew Clark and Bibendum from the collapsed Conviviality last April, while bosses acknowledged the impact of last summer’s “exceptional” weather
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FTSE 100 closes slightly ahead but Wall Street shares slide
The Footsie closed out at 7,334 - up around five points, while mid-cap index was firmly lower- down 129 points at 19,307
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Inflation figures to lead macro news on Wednesday, Royal Mail braces for full year figures
Economists are expecting the consumer price index to be well below the recent growth in average earnings at around 1.8% year-on-year in April
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
C&C shares fizz as it reveals full-year earnings to be at “upper end” of forecasts
Matthew Clark and Bibendum, which C&C salvaged from the Conviviality wreckage last April, have helped to drive the outperformance
Investments and investor services
FTSE 100 closes firmly ahead as it puts dismal October to rest
The FTSE 100 closed up around 92 points at 7,182. FTSE 250 also gained..
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Glaxo getting the tingles from its shingles jab
Trading updates from Glaxo, Standard Chartered and Next are likely to be the highlights
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UK Budget, BoE, US jobs data to sandwich flood of corporate updates from likes of BP and Shell
Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
World Cup and sunny weather boost Magners owner C&C Group
C&C Group, the owner of Bulmers and Magners, said trading since March 1 has been “positive across all our key markets”
Tennent's revival and craft sales the bright spots for C&C Group
Volumes at its new trendier ranges such as Orchard Pig cider and Heverlee lager rose by 41%
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Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
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Wide variety of blue-chip updates due in coming week - from Centrica to AstraZeneca
Week ahead includes updates from drugs giant AstraZeneca, mobile phones operator Vodafone Group, British Gas-owner Centrica, and postal delivery firm Royal Mail Group