TEMPUS

C&C Group: Little to cheer in drinks business

The group’s rescue of Bibendum two years ago appears to be paying off
The group’s rescue of Bibendum two years ago appears to be paying off
BIBENDIUM

There are plenty of people — fretting about their jobs, incomes, families, health and myriad other worries — who might be reaching for a drink at the moment. Back in January, before the advent of the Covid-19 pandemic, Tempus was, in suitable moderation, doing something similar, recommending that investors hold on to their shares in C&C Group.

There was a caveat, though: the drinks maker might be affected if people began to watch their pennies more closely as Brexit loomed. Well, Brexit is still months away, but the coronavirus outbreak has delivered an even bigger shock to the system. Every company, C&C included, is having to review its operations and future planning.

Prior to the pandemic, C&C was doing well. Results for the 12