Grand Slam run a tonic for C&C

C&C shares rose almost 8% yesterday after the company said & Irish cider sales were helped by “a successful few months for Irish rugby,” which included the Irish team winning its first Grand Slam in 61 years last March.

The timing of the Easter holidays and the St Patrick’s Day holiday also boosted sales.

However, C&C is anticipating a further decline, of around €10 million, in operating profits for its current financial year, management said yesterday.