Bulmers group blames weather for €700m drop

THE makers of Bulmers cider, alcoholic drinks group C&C, has pointed to recent bad weather as the primary reason for a further €700 million drop in the value of the company.

A 27% decline in C&C’s share price yesterday means the company has lost more than half of its value this year — a fall of almost €2.5 billion.

C&C has made an expensive push to gain more cider drinkers in Britain, where Bulmers trades under the Magners name.