C&C hoping summer will burn off sterling effect

Trading 'satisfactory' so far, but continuing currency worries could hit performance

Irish drinks market 'subdued', says C&C. Pic: RollingNews.ie

Drinks group C&C has been one of the Irish companies most affected by the fall-out from Brexit, hit by sterling weakness and economic uncertainty in Britain, one of its key markets.

Its shares have fallen by around 15 per cent since the Brexit referendum, in a tough year in which it also faced intense competition and pressure on prices.

Today, the company behind the Bulmers and Magners cider brands issued a trading update ...