C&C shares lose 7% after reporting difficult trading
UPDATE: C&C shares fall sharply as it reports difficult trading conditions in both Ireland and Britain.
C&C’s share price fell to its lowest level in eight months after saying that difficult trading conditions in the first quarter are expected to persist and full-year operating profit guidance was at the bottom of analysts’ estimates.
C&C fell as much as 9.9 per cent in intraday Dublin trading to €3.73, the lowest since November 2nd.
The shares closed at €3.85, down seven per cent.
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