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C&C Group PLC (GCC.L)

GCC.L on London Stock Exchange

2.95EUR
20 Oct 2017
Change (% chg)

€0.01 (+0.51%)
Prev Close
€2.93
Open
€2.97
Day's High
€2.98
Day's Low
€2.94
Volume
95,463
Avg. Vol
100,490
52-wk High
€4.19
52-wk Low
€2.85

Latest Key Developments (Source: Significant Developments)

C&C Group say to acquire Admiral
Monday, 4 Sep 2017 02:00am EDT 

Sept 4 (Reuters) - C&C Group Plc ::‍PARTNERSHIP WITH PROPRIUM CAPITAL PARTNERS AND ADMIRAL MANAGEMENT, IT HAS AGREED TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF ADMIRAL​.‍EQUITY INVESTMENT BY C&C IS £37M REPRESENTING 47% OF ISSUED CAPITAL OF ADMIRAL​.‍INVESTMENT WILL BE FUNDED FROM EXISTING C&C FACILITIES AND ADMIRAL WILL BE ACCOUNTED FOR AS AN ASSOCIATE OF C&C​.  Full Article

C&C Group names Jonathan Solesbury as interim group CFO
Tuesday, 1 Aug 2017 02:51am EDT 

Aug 1 (Reuters) - C&C Group Plc ::&C GROUP PLC STATEMENT RE APPOINTMENT OF INTERIM GROUP CHIEF FINANCIAL OFFICER.APPOINTS JONATHAN SOLESBURY AS INTERIM GROUP CHIEF FINANCIAL OFFICER FOR A PERIOD OF 12 MONTHS, EFFECTIVE TODAY..  Full Article

C&C Group says Kenny Neison resigns as CFO
Thursday, 22 Jun 2017 11:00am EDT 

June 22 (Reuters) - C&C Group plc ::Kenny Neison has today notified Board of his resignation as Chief Financial Officer.Board expects to appoint an interim Chief Financial Officer shortly.  Full Article

C&C CEO eyes M&A opportunities due to UK consumer downturn
Wednesday, 17 May 2017 03:03am EDT 

May 17 (Reuters) - C&C Group CEO Stephen Glancey:says most UK retailers 'quite nervous in terms of outlook for the next two years in terms of consumer spend' due to inflation and 'post-brexit hangover'.says ready to exploit any M&A opportunities arising due to consumer downturn in UK; focus is on 'multi-beverage space' in UK and Ireland.says seeing some pricing improvements in UK and Ireland for first time in five years.says Brexit preparations focused on duty regime, transport. No plans to shift production capacity.  Full Article

C&C posts FY profit of 95 mln euros, outlook cautious
Wednesday, 17 May 2017 02:00am EDT 

May 17 (Reuters) - C&C Group Plc :Operating profit of eur 95.0 million in line with prior year.Volume growth in core brands (Bulmers, Magners, Tennent's) of +2.6%.Operating margin improvement of 1.1 ppts to 17.0% following completion of rationalisation and efficiency programme.Group net revenue of eur 559.5 million declined 6.9% on prior year.Adjusted diluted EPS increased 8.7% to 23.8 cent per share.Proposed final dividend increase of 5% to 9.37 cent per share.FY 2018 has started in line with expectations but we do remain cautious given outlook for consumer across our markets.  Full Article

C&C cites Brexit as operating profit falls 8 pct
Thursday, 27 Oct 2016 02:00am EDT 

C&C Group Plc : C&C says H1 reported operating profit before exceptionals €55.1m, down 7.9%; says operating profits stabilised in Ireland . C&C says seeing some volatility in consumer behaviour across industry on economic uncertainty following brexit, sterling devaluation . C&C says fall of sterling had adverse impact on reported revenues and operating profits of €24.4m and €2.8m, respectively . C&C says net revenue in domestic markets for bulmers, tennent’s and magners brands saw modest decline of 0.8% in H1 .C&C says adjusted diluted eps 13.9 cent down 6.1% reflecting lower operating profit; interim dividend increase of 5% to 4.96c per share.  Full Article

C&C FY earnings in line, sees earnings growth this year
Wednesday, 11 May 2016 02:04am EDT 

C&C : Fy earnings declined 10 percent to 103 million eur (FY 2015: €115.0 million) as guided in march . Dividend per share 13.65 euro cent, up 18.7 percent y/y, highlighting confidence in earnings and cash generation . Positioned to deliver earnings growth and strong cash generation in FY 2017 . C&C remains on track to deliver €15 million of cost savings, the initial benefits of which will start to flow through in FY 2017 Further company coverage: [GCC.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

C&C Group PLC to consolidate production, cut about 180 jobs
Tuesday, 12 Jan 2016 05:23am EST 

C&C Group PLC:C&C Group to consolidate production and invest over eur 10 million into expanding Clonmel manufacturing site.​ Production to transfer from Borrisoleigh and Shepton Mallet to Clonmel.Under planned configuration, Clonmel will move to a capacity utilisation level of 75 pct.Net roles lost across operational network is estimated at 180 of which 127 are in UK and 54 in Ireland.Current capacity utilisation across three impacted sites is 34 pct constraining C&C`s ability to compete over longer term.​ Fruit milling operation at Shepton Mallet is not impacted by proposal​.  Full Article

BRIEF-C&C CEO eyes M&A opportunities due to UK consumer downturn

* says most UK retailers 'quite nervous in terms of outlook for the next two years in terms of consumer spend' due to inflation and 'post-brexit hangover'