‘Tough’ hospitality conditions drag sales lower at Magners owner C&C

Magners maker says economic climate and Budget squeezing consumer confidence (C&C/PA) -

The drinks firm behind Tennent’s lager and Magners cider has revealed a slump in sales after being hit by a “tough time” for hospitality firms.

C&C Group, which also makes Bulmers, saw a reported drop in revenues and profits for the past year but indicated it has seen recent improvement despite a challenging inflationary backdrop.