Bulmers owner C&C stock price slumps as 'soft' UK market dampens profits

Some of its group's other brands include Santa Rita wines, 5 Lamps, Orchard Pig, and Blackthorn

Irish drinks producer C&C Group which owns Bulmers cider and Tennent's lager on Friday cut its fiscal 2026 profit forecast, blaming weak confidence following November’s UK budget that altered buying habits and saddled demand, sending shares down to a near 17-year low.

Bulmers cider owner C&C Group cut its 2026 profit forecast blaming weaker demand sparked by the UK's November budget, sending its share price tumbling in London on Friday.

A statement from the Irish drinkmaker said it is lowering its adjusted operating profit forecast to €70m to €73m for the year ending February, compared to market expectations of €79.4m.