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C&C Group cuts profit view, shares sink
RTE.ie· 2026-01-23 09:22
Drinks producer C&C Group has today cut its fiscal 2026 profit forecast, blaming weak confidence following November's UK Budget that altered buying habits and saddled demand, sending shares down to a near 17-year low.C&C now expects adjusted operating profit of €70-73m for the year ending February, compared to market expectations of €79.4m according to a company compiled consensus.Tax hikes in UK finance minister Rachel Reeves' autumn budget have tightened household budgets, leading consumers in the UK to r ...