C&C puts off flotation as markets remain volatile

THE fizz was taken out of Cantrell & Cochrane yesterday after the drinks group pulled its stock market flotation.

The company said the current volatile markets meant it was unwise to go public and it would wait for a more opportune time with stable market conditions to float.

The shelving of the initial public offering was another blow to the Irish Stock Exchange, as C&C would have been the first new issue since Paddy Power floated in December 2000.