Bulmers owner C&C 'cautiously optimistic' on recovery despite delay to indoor hospitality

Beer and cider maker is encouraged by its trading profit which improved in May and June

Irish-based cider and beer maker C&C has said it remains “cautiously optimistic” about future trading and a recovery in the hospitality sector, despite the Government this week shelving plans to reopen indoor drinking and dining.

Shares in the group — which makes the twin Bulmers and Magners cider brands, along with the Five Lamps and Tennent’s lager brands — jumped by nearly 4% on the back of it telling investors at its agm that it saw a “modest” trading profit in May, with this improving further in June.