Cider maker C&C Group has warned the weakening of sterling, in the aftermath of the Brexit vote, could damage earnings and wipe out the positive start it has made to its current financial year.

Strong sales of brands like Ballygowan and MiWadi drove a 4.1% rise in revenues at the Irish arm of international soft drinks producer Britvic in the first half of its current financial year.

Investors in the Irish stock market should favour Irish firms that have less exposure to the UK — until the outcome of the British referendum on membership of the EU is known, Merrion Capital has said in a major report.

SIPTU has slammed as “atrocious” the treatment by C&C Group of workers at a water bottling plant in Borrisoleigh, Co Tipperary, who learned through the media that they are to lose their jobs.

Co Tipperary drinks group M&J Gleeson Investments Ltd returned to profit in 2014 as revenues climbed to €234m.

Exceptional costs totalling €34.7m contributed to pre-tax losses of €38m at drink group, M&J Gleeson (Investments) Ltd last year.

Funeral ceremonies for the two Irish climbers who died last week following a fall on Mont Blanc took place at the weekend.

Shares in Dublin continued to claw back some of the recent heavy losses suffered in line with trends across European and US markets. The Iseq jumped 66.4 points to 3926.7.

Manufacturer’s of Magners cider, C&C Group, have reported results in line with guidance on the back of poor weather and increased competition.

World markets began the new-year in bullish territory as the US Senate and House of Representatives passed a last gasp bipartisan deal to avoid the so called “fiscal cliff”.

It was a nervous day on the Irish market with trading relatively flat ahead of today’s budget which is expected to be the toughest in recent years.

European bourses saw a resurgence yesterday as EU finance ministers finally came to agreement with the IMF on a programme to reduce Greek debt with the next installment of much needed bailout funds a step closer.

All major markets advanced on encouraging macroeconomic news from Germany and China. The Iseq index rose 11.73 points to 3,263.75.

C&C Group has acquired the Gleeson Group, the country’s leading drinks distributor, in a deal valued at €58 million — a move C&C claims has the potential to “transform” its Irish business.

Cider and beer manufacturer C&C Group has acquired drinks supplier and distributer Gleeson for €12.4m. Gleeson also manufactures Tipperary mineral water.

C&C Group has reached agreement to buy the Vermont Hard Cider Company for $305 million (€233m) — a deal which, when completed, will give the Dublin-headquartered drinks group control of the two biggest cider producers in the US.

C&C Group have announced a 2% decline in revenue for the six months ended August 31 2012.

European markets closed down for the most part yesterday.

European markets in general moved slightly higher yesterday, however trading volumes were thin which poses questions over the sustainability of any continued uptick. Spanish stocks were the exception to the rule, falling almost 2.5% on the back of a downgrade to Spain’s credit rating.

A leading financial publication which previously told international investors to pump their money into Ireland’s economic “bounce” is now telling them to take their profits and run.

The ISEQ index of Irish shares closed down 1.74% to 3210.03 this evening.

The ISEQ index of Irish shares closed up 27 points to 3,266, a rise of 0.8%.

The ISEQ index of Irish shares closed down five points to 3,093, a drop of 0.16%.

TULLAMORE Dew Whiskey could be returning home after over half a century, as William Grant & Sons explore the possibility of building a new distillery in the town.

The ISEQ index of Irish shares closed down 52.02 points to 2,555.09, a drop of 2%.

Irish shares enjoyed significant gains today following moves from Brussels to tackle the eurozone debt crisis.

BRITVIC has reported a 15.3% year-on-year fall in third-quarter revenues for its Irish operations, to £36.5 million (approximately €41.4m).

Clonmel: C&C Group chief executive John Dunsmore’s total remuneration rose to €989,000 for the year through February from €934,000 the previous financial year.

Drinks company C&C Group has today announced a 17% increase in operating profit to €105m. before exceptional items, for the year ended February 28, 2011.

IRISH whiskey is the fastest growing brown spirit in the world with global sales growing 10% each year.

BULMERS and Magners owner, C&C Group, is set to start focusing on the internationalisation of its main cider brands next year — saying it has identified real worldwide scope for the product.

SOFT drinks group Britvic has reported a strong third- quarter performance for its Irish operations, but has warned that it doesn’t necessarily illustrate improved market conditions here.

A growing awareness of Irish food and beverage products among buyers and consumers in China is set for a boost.

SALES of Mexican beer Corona have soared by 30% in Ireland over the last year, with its distributor saying it “has a life of its own”.

William Grant & Sons Holdings has entered into a binding agreement for the purchase of C&C’s spirits and liqueur business for €300m, it was announced today.

BULMERS has launched the second new addition to its range of cider products in as many years, with its Bulmers Berry variant hitting both pubs and the off-trade this week.

IRISH drinks group C&C has further internationalised its board of directors by announcing the appointment of Brian Stewart as its next chairman, succeeding Tony O’Brien, who is retiring after nearly 30 years with the group.

THE ISEQ index posted a modest gain yesterday of 8.09 points to finish the week at 2,875.92.

The ISEQ index of Irish shares gained 36.30 points today, but still stubbornly refused to top the 3,000 mark, finishing on 2,987.18 points.

Drinks company C&C Group has today announced that its takeover of Anheuser-Busch InBev’s Irish, Scottish and Northern Irish businesses has been completed.

The value of shares in Irish companies increased by more than 1.5% today as the ISEQ index increased by 55.35 points to 3,364.48.

C&C Group’s publication of incorrect revenue data this month was largely due to a desire by management to put out information “as soon as possible”, the Sunday Tribune reported yesterday, citing an unidentified company spokesman.