Drinks group C&C effectively doubled — to almost €5m — combined pay to its executive management team last year, according to its annual report.

Shares in C&C Group rose almost 5% as the drinks maker said its signature Bulmers cider brand increased its share of the Irish market despite increasing competition from rivals.

C&C shares surged by nearly 7% on the back of the drinks group saying it had a strong Christmas trading period and that it remains on course to meet full-year targets.

Cider and beer maker C&C Group intends to invest up to €2m on increasing capacity at its Irish brewing facilities — either in Dublin or Clonmel — in the near term.

Executive pay levels at Irish drinks group C&C fell nearly 15% in its last financial year, to just over €2.2m, after management missed yearly performance targets resulting in non-payment of bonuses.

C&C chief executive Stephen Glancey has insisted that the cider and lager maker remains committed to its struggling US business despite a further writedown in its value pulling the group into the red last year.

Drinks group C&C has declined to comment on reports linking it to a £200m (€276m) takeover of UK distribution and wholesale business Matthew Clark.

Drinks group C&C has written down the value of its US operations by €150m on the back of another challenging year in the region.

C&C could significantly downsize its English and Welsh operations if it fails in its bid to buy British bar owner, Spirit Pub Company.

Drinks group C&C has announced a 2.7% dip in operating profit for the six months ended 31 August.

Drinks group C&C has completed the full integration of the country’s largest drinks distributor nearly two years after initially announcing its acquisition.

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

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

Underwhelming summer sales data for the Magners cider brand in Britain has led Davy Stockbrokers to downgrade its profit outlook for the product’s Irish parent, C&C by €3m.

Drinks group C&C is expecting operating profits, for its current financial year to grow by up to €7m on the previous 12 months; although earnings from its Irish operations are likely to remain flat.

Drinks group C&C in an interim management statement issued this morning said it expects operating profits for the full financial year to be in the range of €112m to €118m.

Drinks group C&C has reported a 16% increase in full-year pre-tax profits, despite seeing core revenues in its Irish cider business fall by nearly 9%.

Drinks group C&C has reported profits before tax of €110.9m for the year to end February, up from €79.5m in 2011.

DRINKS group C&C has expanded further into the US, with the €20 million acquisition of that market’s second largest cider brand.

DRINKS group C&C has reported a solid set of first-half results — including a €5 million year-on-year rise in pre-tax profits — despite tough trading conditions in Ireland and Britain during the second quarter of its financial year.

DRINKS group C&C said it will exploit takeover opportunities in Ireland and in overseas markets as opportunities present themselves in the coming years.

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.

THE leading three British directors of Irish drinks group, C&C shared€1.73 million in pay in their first full year in charge; according to the group’s just published annual report.

MANAGEMENT at drinks group C&C has said the key target for its current financial year is to boost sales growth of Magners cider in Britain, to a level broadly in line with the 5%-10% overall rise in the sector there.

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.

C&C IS rumoured to be in the early planning stages concerning the partial sale of its non-core spirits and liqueurs division, in a move which could free up funding for a bid for another significant acquisition in Britain sometime next year.

IRISH drinks group, C&C has increased its presence in Britain’s drinks market by reaching agreement to buy the British cider assets of international drinks group, Constellation Brands, for £45 million (€50m) in cash.

C&C could expand its Magners cider brand to the Nordic markets — specifically Sweden and Finland — within the next three years, although group chief executive, John Dunsmore, said that the move is still at the “drawing board” level.

C&C shares rose almost 8% yesterday after the company said & Irish cider sales were helped by “a successful few months for Irish rugby,” which included the Irish team winning its first Grand Slam in 61 years last March.

C&C Group has announced that finance director, Brendan Dwan will retire in May of this year, after 34 years service with the company.

DRINKS group C&C’s move to replace former chief executive Maurice Pratt, with the former head of Scottish & Newcastle, could be just the tonic needed to boost the struggling Magners brand.

John Dunsmore has been announced as the new CEO of C&C Group. He replaces Maurice Pratt, who resigned from the position last month.