Badel 1862 : The Spirit of Croatia
Badel 1862 have taken the best techniques from their past and merged them with current methods in order to produce spectacular drinks.
Amrest : Everything is Possible
The long standing significance of the "Everything is Possible" mantra for AmRest emulates the entrepreneurial spirit of the company.
EU Becomes World’s Top Food Exporter
A report from the European Commission on the global farming market has revealed that the EU has beaten the US and become the world’s top exporter of agricultural and food products.
Motley Fool | Brewers Face Hard Choices in Hard Cider
The hard cider market nearly doubled last year because Boston Beer (NYSE: SAM) so completely dominates the industry with its Angry Orchard brand that it largely alone moves the needle.
C&C Shares Jump as Firm Eyes up Craft Beer Market
Shares in C&C jumped the most in more than five years yesterday as the drinks company boosted its dividend and said the Irish market was now “on the right trajectory”.
Unilever to Sell Sauce Brands to Mizkan for $2.15 Billion
Unilever (UNA) has said goodbye to its Ragu and Bertolli pasta sauce business, agreeing to unload it to Japanese food manufacturer Mizkan Group for about $2.15 billion.
C&C Profits From 30% Revenue Rise
Drinks group C&C has reported its fifth consecutive year of earnings growth, and is targeting a mid-single digit operating profit increase in its current financial year. The Dublin-based group — whose chief revenue streams are the Irish cider market and the Scottish lager market, via its Bulmers/Magners and Tennent’s brands, yesterday reported net revenue growth of 30%, to €620.2m for the 12 months to the end of February. Pre-tax profit grew by 6% to €116.2m, while pre-exceptional operating profit (integration costs led to an exceptional charge of nearly €21m) grew by 10.6% to €126.7m. Adjusted diluted earnings per share grew by just under 6% to 29.5c. Growth was mainly driven by the aforementioned Scottish and Irish divisions. In Ireland, C&C’s long alcoholic drinks volumes were up 1.1% and outperformed a flat market. Irish divisional operating profit rose by 9.4% to €43m, with net revenue up by 2.2% at €94.2m. Cider net revenue, alone, was up by nearly 2% in Ireland. While the Magners brand saw a 10% volume decline, C&C said its cider performance in Britain stabilised in the second half of the year. Net revenue in the UK Cider division fell by 15% to €112.8m, with operating profit down by nearly 30% to €20.7m, but Magners performed well and grew its market share in Scotland. Profits, at the group’s international export business, were up by nearly 70%; while management expressed confidence in its cider prospects in the US, despite under-performing the market in the past year.
C&C to Consider Share Buyback this Year
Stephen Glancey, chief executive of Bulmers maker C&C, told analysts it would consider launching a share buyback this year as its share price rose by more than 6 per cent.
