C&C shares sink on news of CEO exit

C&C shares sank by nearly 4.5% as investors reacted negatively to news that the drinks group is looking for a chief executive following the sudden departure of Stephen Glancey.

Mr Glancey has led the cider and beer group since 2012 and has been with it since 2008, joining as part of the team of former Scottish and Newcastle brewery executives who took over the day-to-day running of the business.