C&C Group had a disappointing debut on the London and Dublin stock exchanges on Friday. The shares in the Irish drinks and snacks company had been priced at Eu2.26 (£1.52), at the bottom end of the expected range, and ended the day down Eu0.1 (£0.067) to Eu2.25 (£1.52). The float valued the former Cantrell & Cochrane, maker of Tullamore Dew whisky, at Eu723m (£488m). Bank advisers said it was a credible outcome given recent market turbulence. C&C played down the low price it achieved and said the quality of investor was more important than the quantity. The Times 15/05/04 page 54, page 59 (Need to know) Financial Times (Money & Business) 15/05/04 page 4 The Daily Telegraph 15/05/04 page 33

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