Summary
MAGNERS firm C& C saw shares slump 9% yesterday after the drinks company admitted it got its figures wrong in an upbeat trading statement last week.
Instead of the 3% rise in revenues for the four months to June 30, C& C has revised the figure to show a drop of 5%. Cider sales were down 6% rather than the 3% increase reported to investors on Wednesday last week.See the full content of this document
Extract
Revision Takes the Fizz Out of Magners
The Dublin-based company did not offer an explanati...
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