Food & drink industry, Business, Hospitality industry Business | The Guardian
Shares slide after drinks firm says Patrick McMahon will leave roles as CEO and director immediatelyThe owner of Magners and Bulmers cider has parted with its chief executive after accounting mistakes led to the company taking a €17m charge.Shares in the drinks company C&C Group fell 8% to 155.48p in early trading on Friday, the biggest faller on the FTSE 250 index, after the company announced that Patrick McMahon, who was chief financial officer during the time of the accounting shortcomings, had agreed to step down. Continue reading…
Shares slide after drinks firm says Patrick McMahon will leave roles as CEO and director immediately
The owner of Magners and Bulmers cider has parted with its chief executive after accounting mistakes led to the company taking a €17m charge.
Shares in the drinks company C&C Group fell 8% to 155.48p in early trading on Friday, the biggest faller on the FTSE 250 index, after the company announced that Patrick McMahon, who was chief financial officer during the time of the accounting shortcomings, had agreed to step down.
