C&C Group Stock News

C&C Group PLC's (LSE:CCR) shares have scope to rise to 150p from 104p after Deutsche Bank said its Glasgow capital markets day increased confidence in the drinks group's turnaround and long-term targets. Deutsche Bank analyst Damian McNeela retained a 'buy' rating and a 150p price target, saying the 24 September event provided greater visibility on management's ambitions and increased confidenc...

C&C Group PLC (LSE:CCR) shares climbed nearly 8% to 96.40p on a nominal-cost deal for Asahi UK's wholesale businesses that promises added scale, while full-year profit expectations held steady. The acquisition covers Nectar Imports and Asahi UK's direct distribution operations, which will join Matthew Clark Bibendum (MCB) alongside a long-term partnership associated with Asahi brands in the UK.

C&C Group PLC (LSE: CCR) has agreed to acquire Asahi UK's wholesale businesses for nominal consideration, expanding its Matthew Clark Bibendum operation and adding a significant new customer base. The deal covers Nectar Imports and Asahi UK's direct distribution operations, which will be fully integrated into Matthew Clark Bibendum following completion, expected in early October.