C&C share price fizzes on buoyant earnings outlook

C&C shares surged by nearly 7% on the back of the drinks group saying it had a strong Christmas trading period and that it remains on course to meet full-year targets.

In a short trading update, the Bulmers/Magners cider and Tennent’s lager maker said it still expects to deliver full-year results — for the 12 months to the end of February — in line with its expectations.