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Thu 6th Jul 2017 - Update: Just Eat appoints new chief executive, C&C Group trading
Just Eat appoints new chief executive: Just Eat, the global market place for online food delivery, has appointed Peter Plumb as its new chief executive. Plumb, who was chief executive of Group until May when he stepped down, will take up his new role at Just Eat from 18 September. He will replace Paul Harrison who is fulfilling that role on an interim basis and who will then continue in his permanent role as chief financial officer. During his eight years as chief executive of Group, Plumb guided the business to a market leadership position, led the acquisition of, and oversaw a six-fold increase in its share price. Prior to Group, Plumb was UK managing director of Dunnhumby, general manager Europe of Disney Consumer Products, and international director of Dyson Appliances. Plumb is also a non-executive director of The Co-operative Group. Just Eat interim chairman Andrew Griffith said: “Peter has an excellent track record of creating value for shareholders in high growth consumer digital businesses. His passion for customers and innovation, as well as his international experience in driving brands, and proven capability to retain, deepen and build senior management teams, made him a standout choice for the board. Just Eat is the leading company in its sector and Peter’s expertise will ensure we continue to build on this platform. I would also like to express the board’s appreciation of Paul Harrison, our chief financial officer and interim chief executive, who has ensured the company has maintained its positive trajectory during the interim period. Working alongside Peter, Paul will have a broad and growing role within the business and together they will provide outstanding leadership to Just Eat.” Plumb added: “I’m delighted to be joining Just Eat at such an exciting time. The talented team has built an innovative service into a truly international platform with clear leadership positions in many markets around the world. I look forward to working with the Just Eat family of employees and restaurant owners to help more people around the world enjoy the food they love, wherever they are and whenever they want.”

C&C Group – current trading in line with expectations: C&C Group, the branded cider, beer, wine and soft drinks producer, has said current trading is in line with expectations. In a trading update covering the period from 1 March to today (Thursday, 6 July) when the company holds its annual general meeting, C&C Group said: “Underlying trading to date, across core markets, is satisfactory and in line with our expectations. C&C will be better placed to assess recent brand and non-profit distributing investment in Ireland and the new Anheuser-Busch InBev (AB InBev) partnership following the key trading months of July and August. The Scottish business has benefitted from multi-year investment in both customers and brands. This has provided real competitive advantage and there is a degree of momentum in customer recruitment in our branded and wholesale channels. In a flat market the Tennent’s brand is gaining share, supported by a new marketing campaign themed around ‘Here to Serve’ and our award-winning social media capability. The premium and craft brands of Menabrea, Heverlee and Drygate had a strong period, with a number of significant new listings across all trade channels. In Ireland, the overall trade has been subdued against strong comparatives with beer and cider in year-on-year decline. Against this backdrop, we relaunched Bulmers in March with new livery and a heavyweight media campaign. This was supported by category innovation through our Outcider offering. It is early days but we are pleased at the response to the marketing campaign and associated consumer recruitment. Under intense competition Bulmers has lost more draught distribution, mitigated by growth in the grocery channel and innovation. As with the UK, our premium and craft portfolio in Ireland grew strongly with Heverlee and 5 Lamps the standout performers. Innovation continues in the craft space with the launch of our Dowd’s Lane range of craft ciders and beers in Ireland. The complex transition of Magners and our other cider brands to AB InBev is on track with minimal customer disruption. In a flat cider category in Great Britain and against strong comparatives, volumes are tracking slightly behind target. It is anticipated they will normalise through the key summer trading months. Export has had a solid start to the year with Europe maintaining its strong performance from the prior year, but with a slower start in the newer markets of Africa and Asia. Australia and New Zealand have improved year-on-year and the new distribution arrangement is bedding in to plan. In the US, our business is stable, with some progress on improving efficiencies and utilisation. However, the cider category remains in negative territory, which is holding back any share recovery for our brands. We also continue to explore third party contract manufacturing and distribution opportunities in our core markets as well as further operating efficiencies, to supplement our organic growth plans. C&C is exposed to the translation impact of the further weakening in the value of sterling following the UK general election. At current euro/pound exchange rates, if sustained, our financial performance for the full year will be negatively impacted on account of currency movements.”

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