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C&C Group (CDI)

CCR · Main Market · Food, Beverage and Tobacco · mcap £361m · 95.0p

C&C Group owns drinks brands such as Magners, Bulmers and Tennent's. It also distributes drinks to pubs and restaurants through Matthew Clark Bibendum in Great Britain and Ireland.

Recent signals

Mixed 24 Sep 2026

Strategic shift away from 'One C&C' to two operating models

C&C Brands and MCB to be run separately, offering optionality; targets of €85m operating profit by FY30 set. 24 Sep 2026 19 May 2026

Positive 23 Sep 2026

Brandes raised stake from 16.01% to 18.0% while shares fell

Largest holder kept adding through share price decline from 135p to c.95p; Aberforth also rose from 7% to 9%. 23 Sep 2026 9 Jun 2026 22 Dec 2025 24 Nov 2025

Negative 19 May 2026

Guidance cut in January 2026 to €70-73m operating profit, results below expectations

Earnings language moved from 'expectations maintained' to below expectations, with leverage up to 1.6x and lower dividend. 19 May 2026 28 Oct 2025

Mixed 19 May 2026

Refreshed executive team with new CEO, CFO, CPO and CCO

Over 50% of the Executive Committee joined within the last year. 19 May 2026

Capital actions
  • 2026-09-11 acquisition – Acquired Asahi UK's wholesale businesses for nominal consideration, integrating into Matthew Clark Bibendum 11 Sep 2026
  • 2026-03-06 acquisition · £4.5m – Acquired Innis & Gunn brand and global IP from administrators 6 Mar 2026
  • 2025-05-01 buyback programme · €15m – Further buyback tranche commenced, completed September 2025 1 May 2025
  • 2024-09-09 buyback programme · €15m – Second buyback tranche, part of €150m return plan, to complete by 31 January 2025 9 Sep 2024
  • 2024-02-21 buyback programme · €15m – Buyback tranche from 1 March 2024, part of €150m three-year return plan 21 Feb 2024

From the company's own announcements · not investment advice

Company filings. Not investment advice.

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