C&C shares dip 7c despite sales rise

DRINKS group C&C saw its share price dip by 2.82% or 7c to €2.52, yesterday, despite encouraging news from latest industry data in Britain.

According to latest Nielsen off-trade figures for the British market, for C&C’s financial year to date (which runs until the end of February), volumes of its cider brand, Magners, are up by 12%, with pricing down by 9% on a year-on-year basis.

For the four weeks to the end of October, Magners’ pricing trend is moving upwards in Britain’s off-trade market.