(Alliance News) - C&C Group has "numerous" opportunities to improve profitability, an analyst on Monday said, after the firm said it expects first half underlying operating profit to be in line with expectations. Read More
(Alliance News) - C&C Group PLC on Monday expects first half underlying operating profit to be in line with expectations despite sales growth remaining sluggish. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Monday, despite sharp falls for US equities on Friday, and a less-than-stellar start to the week for stocks in Asia. Read More
C&C Group PLC - Dublin-based beer, cider, wine, spirits, and soft drinks maker and distributor across UK and Ireland - Non-Executive Director Feargal O'Rourke buys 50,000 shares at GBP1.56, worth GBP78,000, on Friday last week. O'Rourke joined the C&C board at the company's annual general meeting on Thursday. His appointment is the result of an agreement between C&C and shareholder Engine Capital LP, which had nominated two directors of its own before agreeing to a joint selection process. Read More
C&C Group PLC - Dublin-based beer, cider, wine, spirits, and soft drinks maker and distributor across UK and Ireland - Tells annual general meeting that earnings have been in line with expectations in its financial year that began on March 1, despite the poor weather in the UK and Ireland during June, saying more detail will be provided with its half-year results, due out on September 9. "We remain confident of achieving our earnings expectations for the full year, reflecting significant growth relative to FY2024," C&C says. It also confirms it will start the second EUR15 million tranche of its EUR150 million share buyback programme on September 1. Read More
C&C Group PLC - Dublin-based beer, cider, wine, spirits, and soft drinks maker and distributor across UK and Ireland - Puts in place 'cooperation agreement' with disgruntled shareholder Engine Capital LP, under which the C&C board and the investor will "work constructively" together. Engine, a 5.0% shareholder, had nominated two directors for election to the C&C board at its August 15 annual general meeting, noting the majority of the current C&C directors own no C&C shares at all. It now will withdraw these nominations. However, C&C will appoint a new non-executive director "with capital markets expertise" from a short-list agreed with Engine, C&C says, and Engine will support all resolutions at next week's AGM. Read More
C&C Group PLC - Dublin-based beer, cider, wine, spirits, and soft drinks maker and distributor across UK and Ireland - Responds to an open letter from disgruntled shareholder Engine Capital LP that nominates two directors for election to the C&C board at its August 15 annual general meeting. Engine notes that the majority of the current C&C directors own no C&C shares at all, and the entire board has only a 0.05% stake, almost entirely held by Chair & Chief Executive Officer Ralph Findlay. Engine itself has a just under 5.0% stake, it says, and its two board nominees, Ryan Dubin and Alan Hibben, have committed to buy shares personally. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
C&C Group PLC - Dublin-based alcoholic and soft drink manufacturer - Appoints Chief Financial Officer Andrew Andrea to new role as chief financial & transformation officer effective immediately. Under the new role, Andrea will lead the company's transformation programme to simply operations and enhance efficiencies. He took over as CFO in March. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London closed lower on Friday, with hotter-than-expected US nonfarm payroll data shooting down hopes of interest rate cuts in the US. Read More
(Alliance News) - Stocks in London retreated on Friday ahead of the US jobs report, leaving the FTSE 100 on track for a fourth consecutive weekly loss. Read More
(Alliance News) - C&C Group PLC on Friday said Chief Executive Patrick McMahon would step down after accounting errors during his tenure as chief financial officer led the firm to adjust prior year financial figures. Read More
(Alliance News) - Stock prices in London opened red on Friday, with the FTSE 250 trending downwards following news that C&C Group's CEO Patrick McMahon has stepped down with immediate effect over issues that occurred while he was chief financial officer. Read More
(Alliance News) - Stocks in London are set to open higher on Friday, ahead of non-sale payrolls and wholesale inventories from the US, and after the European Central Bank cut interest rates for the first time in five years on Thursday. Read More