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(CCR.L) C&C GROUP Buy/Sell
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| 17-11-09 | AFX UK Focus |
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DUBLIN, Nov 17 (Reuters) - These are some of the leading stories in Ireland's newspapers on Tuesday. Reuters has not verified these stories and cannot vouch for their accuracy:
THE IRISH TIMES
IRISH INDEPENDENT
IRISH EXAMINER
Looking for more information from local sources? Reuters Business Briefing has five Irish sources including Irish Times. For details of the product please call your local help desk . ($1=.7562 Euro) ($1=.7598 Euro) (Dublin newsroom + 353 1 500 1550, fax + 353 1 500 1551, dublin.newsroom@reuters.com)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 11-11-09 | RNS |
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RNS Number : 3121C C&C Group Plc 10 November 2009 Notification of Board Changes and Director's Details Pursuant to paragraph 6.6.7 of the Listing Rules, C&C Group plc hereby notifies the following in relation to Kenny Neison who was appointed a Director of the Company on 10th November 2009:
Enquiries: Noreen O'Kelly Company Secretary Phone: + 353 1 616 1100 This information is provided by RNS The company news service from the London Stock Exchange END
BOAURRKRKVRAAAA More |
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| 11-11-09 | RNS |
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RNS Number : 3120C C&C Group Plc 10 November 2009 Standard Form TR-1 Voting rights attached to shares- Article 12(1) of directive 2004/109/EC Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC
A) Voting rights attached to shares
voting rights)
B) Financial Instruments
Resulting situation after the triggering transaction
Total (A+B) number of voting rights % of voting rights
8. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
10. Additional information: Done at [place] on [date]. Annex to the standard form TR-1
least legal representative for legal persons)
functional relationship with the person or legal entity subject to the notification obligation)
Notes to Form TR-1 This information is provided by RNS The company news service from the London Stock Exchange END
HOLILFIALLLILIA More |
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| 10-11-09 | RNS |
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RNS Number : 2889C C&C Group Plc 10 November 2009 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): C&C Group plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights: ( Yes ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No) An event changing the breakdown of voting rights: ( No ) Other (please specify) : ( No ) 3. Full name of person(s) subject to the notification obligation (iii):
4. Full name of shareholder(s) (if different from 3.) (iv):
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
6. Date on which issuer notified: 10 November 2009 7. Threshold(s) that is/are crossed or reached: 5 % 8. Notified details: A: Voting rights attached to shares
possible using the ISIN CODE
Resulting situation after the triggering transaction (vii)
possible using the ISIN CODE
B: Financial Instruments Resulting situation after the triggering transaction (xii)
N/A N/A Total (A+B) Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): Proxy Voting: 10. Name of the proxy holder:
N/A 11. Number of voting rights proxy holder will cease to hold:
N/A 12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information: 14. Contact name: 15. Contact telephone number:
Annex to Notification Of Major Interests In Shares (xvi) A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): Contact address (registered office for legal entities): Phone number: Other useful information (at least legal representative for legal persons): B: Identity of the notifier, if applicable (xvii) Full name: Alexa Koening / Nemanja Pantic UBS IB Compliance Contact address: Phone number: Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation):
C: Additional information :
This information is provided by RNS The company news service from the London Stock Exchange END
HOLILFVSLALILIA More |
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| 19-09-09 | ||||
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There was also positive news for C&C yesterday following the release of trade statistics for cider sales in Britain. In the pub trade, Magners cider recorded year-on-year growth in July of 5 per cent. Magners also grew in the off trade, although it lagged the growth of the market overall.
http://www.irishtimes.com/newspaper/finance/2009/0919/1224254861274.html More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 29-08-09 | ||||
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| 27-08-09 | ||||
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yes i very much agree..but the results today were also better than expected.
C&C has acquired the businesses of Anheuser-Busch InBev in Ireland, Northern Ireland and Scotland for £180m (Eur 205m). The business had sales of £162.2m and normalized EBITDA of £21.8m in the year to Dec 2008. C&C expects the deal to be immediately EPS enhancing, with further benefits accruing on the back of an expected £10m in synergies by 2012, likely to arise mainly in distribution. We estimate the deal will add about 4% to earnings in the first full year, potentially rising to 8-10% as synergies are achieved. • The price includes a £27m on-trade loan book (loans to pubs) the Wellpark Brewery in Glasgow and the distribution rights to certain ABI brands in Ireland, Northern Ireland and Scotland, including Tennent’s, Stella Artois and Becks, both leading brands in their own right. • While the deal multiple at 8.3x EBITDA pre synergies (5.7x if synergies are secured) is not cheap, we see the deal as significantly improving C&C trading prospects in Northern Ireland and Scotland, given that Tennents is Scotland’s leading tipple. The deal improves C&C distribution capabilities in Scotland, a key criticism of the C&C investment thesis for some time. It will also enhance the group’s ability to roll out draught cider in conjunction with the draught product range from the deal. It marks a significant shift in strategy for the group from being solely dependent on cider and in Ireland; C&C now has a broader product offering with a leading market position in the LAD beer sector in Scotland. The prospects of success from the deal are significantly enhanced by the deep industry and regional knowledge of Scotland of the current management team. • When we floated the notion last month that C&C should consider buying Tennent’s, we cautioned that investors might take convincing as to the merits of such a change of strategic direction, as many had viewed the company as more likely to be turned around for a quick sale or break-up. We suggested that taking a longer term view, such a deal could be very enhancing for shareholders, given the obvious strategic fit with C&C’s existing footprint and management expertise. In the event, the deal looks an even better fit than we had imagined, as C&C has also managed to acquire the distribution rights for Stella Artois and Becks for Scotland and Ireland, and the associated and sales and distribution network. This is a great strategic fit, as well as being immediately (if only modestly) EPS accretive. The news overshadows somewhat better news on the existing cider business and we will be reviewing our price target (with an upward bias) post the conference call this morning. • Meanwhile, C&C also reiterated guidance that it expects to report full year operating profit at the upper end of the guidance range of Eur 77- 82m. The company said that cider volumes rose by 3% while liqueur volumes declined by 17% in the first five months of H1. Cider in Ireland grew volumes by 3% and Magners increased its volumes by 1%. The statement also noted improving outlook for spirits with indication that de stocking was drawing to a close. Paul More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 27-08-09 | ||||
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DUBLIN, Aug 27 (Reuters) - Irish drinks group C&C is diversifying into beer with a 205 million euros deal to buy the Scottish and Irish businesses of Anheuser-Busch InBev , pushing its shares up nearly 13 percent.
C&C said on Thursday the acquisition, which includes Scotland's top lager, Tennent's, would allow it to market its Magners cider in Northern Ireland and Scotland and give it a strategic partnership with ABI, the world's largest beer maker. The deal includes the Tennent's Wellpark brewery in Glasgow, and will leave AB InBev with just three breweries in the UK, although one of those in London will close next year. For the Belgium-based brewer it will help cut debt after InBev bought Budweiser-brewer Anheuser-Busch last November for $52 billion in the world's biggest cash takeover. It has now raised just over half of its own target of $7 billion by November by selling assets in Korea, China, the U.S. and now Scotland. "This is designed to strengthen our cider business," said John Dunsmore, C&C's chief executive, a former head of brewer Scottish & Newcastle who was hired in November to revive C&C's fortunes in the face of falling sales. "We are not going into beer for the sake of going into beer. We are going into buying an iconic brand in Scotland and a successful brand in Northern Ireland so we can strengthen our cider business." "Since we joined last November we are turning what is a single brand company in each market into a portfolio business." C&C said the purchase, which needs shareholder approval and will be funded internally and with bank loans, would be immediately earnings accretive, sending its shares racing up over 12 percent. "It looks like a very positive deal on the face of it," said one Dublin-based dealer. "It might go a small bit higher from here, maybe up 15 percent but it wouldn't go more than that." Dunsmore said he expected cost savings and revenue synergies of 10 million pounds a year by 2012 from the purchase, which includes distribution rights to Stella Artois and Beck's beers. Excluding the purchase, C&C reiterated its guidance that full-year operating profit would be at the top end of a previously stated guidance range of 77 million euros to 82 million euros despite a 5 percent fall in revenues in the five months to the end of July. Cider revenues fell 4 percent in that period, while spirits and liqueurs fell 22 percent. In Ireland, volumes of C&C's Bulmers cider rose 3 percent as an intensive marketing campaign paid off despite severe recession and a wet July. (Reporting by Carmel Crimmins, editing by Will Waterman) Keywords: C&C/ (carmel.crimmins@reuters.com; Reuters Messaging: carmel.crimmins.reuters.com@reuters.net; +353 1 500 1529) COPYRIGHT More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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