Belfast Telegraph

Business News

Rain 18° Belfast Hi 18°C / Lo 12°C

C&C to trial lower-strength version of Magners in 550 UK Tesco stores

Wednesday, 20 August 2008

Magners/Bulmers manufacturer C&C has confirmed it is currently trialling a lower-strength version of Bulmers in Munster and plans to test a Magners product with 2.3pc alcohol content in Britain called Magners Mid Strength.

While C&C would not give details on pricing or UK trials, the morningadvertiser.co.uk website said the cider will be packaged in a pint bottle with a green neck foil and green front and back labels and will retail at £1.99 per bottle. It will be trialled in 550 UK Tesco stores from next month.

Magners marketing manager Scott Fairbairn told the website: "This is the first time that a major brand has introduced a low-ABV offering to the cider market in the UK and we are convinced that this will unlock a whole new range of occasions where Magners can be enjoyed."

Writing in a research note, Goodbody Stockbrokers analyst Liam Igoe said: "This is at a substantial price to its off-trade selling price for Magners Original, which is typically at the equivalent of £1.33 a pint. It would obviously be a boost to profits should it prove successful."

Mr Igoe added that, in the short-term, however, the newsflow continues to look negative as the extremely poor summer weather continues.

Nielsen data to be released later this week will show figures for the British off-trade market for the four weeks to August 8, and he added that this needs to show an improvement on the 2.75 million litres sold in the previous four-week period, if current forecasts are to be met.

C&C will issue a trading statement on Friday, August 29.

Last summer, the company issued a number of profit warnings as the inclement weather and increased competition from Scottish & Newcastle, which owns the Bulmers brand in Britain, weighed heavy on C&C.

Post a comment

Limit: 500 characters

View all comments that have been posted about this article

Comment
Your details

* Required field

Offensive or abusive comments will be removed and your IP address logged and may be used to prevent further submissions. In submitting a comment to the site, you agree to be bound by BelfastTelegraph.co.uk's Terms of Use.

Posts submitted in UPPERCASE letters will be rejected.

In pictures: Doing the business

  • Robert Leatham from Russell's Shop 4 You, Crumlin and Maeve Fox from Action Cancer.
  • US Consul General Susan Elliott (centre) joins Dr Diane Hazlett from University of Ulster and Peter McKittrick from the US Consulate, to officially launch the 2nd Distinguished International Visitors Address. The University has confirmed award-winning former CBS broadcast executive and US Congressional press secretary Professor Michael Freedman, executive director of the Global Media Institute at George Washington University, as guest speaker at the June 26 event, to be held at the university's Belfast campus.
  • Ian Doherty (17, from Londonderry) and Melanie McNally  (18, from Ballymena) with Minister for Employment and Learning, Sir Reg Empey MLA. The Give and Take scheme, which is run by Include Youth, provides training and support for 16 to 21 year-olds who have difficulty accessing mainstream training

Cream of the crop in the business world

NI's Top 100 Companies

Top 100 Companies

Who's up and who's down in 2009