Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: C&C Group loses fizz on challenging outlook
(Sharecast News) - FTSE 250 down 0.27% to 18,057.46 at 1429 BST.
Shares in drinks maker C&C Group said on Thursday that both underlying earnings and operating profits had surged in the six months ended 31 August, driven by increased revenues and stronger margins, but cautioned that.
C&C Group said adjusted underlying earnings shot up 132.5% to €70.9m and operating profits surged 254.2% to €54.9m as net revenues increased 35.6% year-on-year and operating margins expanded from 2.3% to 6.1%. Earnings per share rose 284% to 9.6 EU cents.
The FTSE 250-listed group added that its "inherent cash generating capability" had resulted in a free cash inflow of €55.3m pre-exceptional and a related free cash flow conversion of 78.0%, including a non-recurring repayment of €16.1m for tax deferrals.
C&C, which said it intends to recommence a full and final year dividend following the release of its 2023 results, also noted that the macroeconomic and consumer environment remained "difficult", with net revenues for September down 5% compared to the same period in 2021.
Chief executive David Forde said: "FY2023 H2 will provide our first unrestricted Christmas trading period for three years, in addition to the upcoming FIFA World Cup, therefore our focus is on ensuring the highest standards of service and stock availability over this period and beyond.
"However, despite these positive tailwinds, the outlook for H2 is challenging with inflationary pressures on our own margins as well as those of our customers, and the cost of living pressures on the consumer environment in the near term."
FTSE 250 - Risers
Wizz Air Holdings (WIZZ) 1,694.00p 7.83% TBC Bank Group (TBCG) 1,930.00p 4.32% 888 Holdings (DI) (888) 97.15p 3.57% Hammerson (HMSO) 19.54p 3.20% Mitchells & Butlers (MAB) 113.90p 3.17% Dr. Martens (DOCS) 245.80p 3.02% Moonpig Group (MOON) 135.00p 2.90% Pets at Home Group (PETS) 297.60p 2.76% National Express Group (NEX) 171.80p 2.75% Safestore Holdings (SAFE) 940.00p 2.68%
FTSE 250 - Fallers
Hochschild Mining (HOC) 59.15p -4.75% Edinburgh Worldwide Inv Trust (EWI) 168.60p -4.10% Morgan Advanced Materials (MGAM) 250.50p -4.02% Renishaw (RSW) 3,576.00p -3.72% HGCapital Trust (HGT) 376.50p -3.46% Caledonia Investments (CLDN) 3,295.00p -3.37% Darktrace (DARK) 350.00p -3.37% Allianz Technology Trust (ATT) 228.50p -2.77% Balanced Commercial Property Trust Limited (BCPT) 88.20p -2.76% Hays (HAS) 109.70p -2.75%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
