C&C surges on plan to switch share listing from Dublin to London

Shares in drinks group C&C surged nearly 5% on it announcing its intention to delist from the Irish Stock Exchange in favour of a single listing in London.

The cider and beer maker - chiefly known for its twin Bulmers/Magners cider brands and Tennent's lager - will remain registered and headquartered in Dublin and will still pay tax in Ireland. However, following its acquisition of British drinks distributor Matthew Clark and Bibendum last year, most of C&C's revenues, earnings and activities are in and generated from the UK.