Blunder hits C&C shares

Bulmers maker C&C saw shares slump 9% today after the drinks company admitted it got its figures wrong in an upbeat trading statement last week.

Instead of the 3% rise in revenues for the four months to June 30, C&C has revised the figure to show a drop of 5%. Cider sales were down 6% rather than the 3% increase reported to investors on Wednesday last week.