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Tue 07 Jul 2009C&C falls 16% after revenues revised
CIDER MAKER C&C’s shares plunged 16 per cent yesterday after the company was forced to admit that it misstated the revenues it has earned in recent months in the trading update it issued to investors last week.
In what the company said was a “straightforward error in reporting lines”, C&C over-estimated its revenues in all of its key divisions on July 8th.
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