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C&C group profits set to fall 35%

Published:  23 July, 2008

Magners cider producer profits hit by bad weather and increased competition

The impact of the extremely poor weather on summer recruitment, together with increased competition, "leaves a degree of uncertainty in respect of the outlook for the second half year for the cider division", the group added.

"During the second half the group plans to maintain its marketing investment programme while reducing costs in other areas," it added.

This afternoon C&C's shares were trading at 6.20 (4.08), down 1.96 (1.29).

C&C announces its half-year results on October 10 2007.