Why Magners maker C&C can cope with unprecedented cost inflation
Shares in Dublin-headquartered drinks business C&C (CCR) frothed higher following a positive trading update (16 Mar) from the maker of everything from cider brands Magners, Bulmers and Orchard Pig to beer brand Tennent’s and Tipperary Pure Irish Water.
Investors toasted evidence of continued recovery in its markets and a significantly reduced debt pile. Indeed, Shore Capital noted C&C ...