Branded cider, beer, wine and soft drinks company C&C Group issued a trading update for the 12 months ended 28 February on Tuesday, reporting that despite weather-related disruption, trading and cash generation was broadly in line with management expectations.
Manufacturer, marketer and distributor of branded cider, beer, wine and soft drinks, C&C Group, announced the appointment of Jonathan Solesbury as group chief financial officer and as a member of the board of directors on Wednesday, effective immediately.
C&C Group, producers of Magners cider, announced on Monday that it had reached an agreement, along with US investors Proprium Capital Partners, to acquire Admiral Taverns.
Premium drinks company C&C Group issued a pre-close trading update for the 12 months to 28 February on Friday, ahead of its preliminary results for FY17, to be announced on 17 May.
Manufacturer, marketer and distributor of branded cider, beer, wine and soft drinks in Ireland and the UK, C&C Group, announced on Monday that it has entered into expanded distribution and contract brewing agreements with AB InBev UK, in respect of that company's respective cider and beer portfolios in the UK and Ireland.
Irish drinks manufacturer and distributor C&C on Thursday reported a rise in drink volumes but was cautious of Brexit uncertainty as they could be affected by the weakened pound.
China's currency, the renminbi, could be promoted to the International Monetary Fund's list of global reserve currencies this week, sending an estimated $1trn (£650bn) of reserves flowing into the yuan. The momentous decision would give fresh impetus to Beijing's reform efforts, the Sunday Times said, though the decision would not take effect until next October. "Anything less than [full inclusion] would be a source of instability for the Chinese currency," said David Lubin, head of emerging market economics at Citi.
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.
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.
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 £13 float price for the first time in four years. Betfair has £250m of cash but Corcoran is unlikely to announce any largesse at results on December 4th. If a new government tax regime is as harsh as some expect, Betfair could capitalise on an industry clear-out.
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.
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.
Irish drinks group C&C increased its revenues for the full-year despite lower than expected sales from the US and UK markets.
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.
Irish drinks group C&C has muscled in on rival Greene King's £723m attempt to buy UK pub group Spirit Pub Company.
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.
Magners cider brewer C&C Group toasted a solid quarterly performance and said it remains on track to deliver mid-single digit operating profit growth for the current financial year.
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.
M&A speculation surrounding SABMiller increased the demand for beverages stocks on Tuesday.
A round-up of the biggest director deals today so far.