C&C Group's shares plunged after its chief executive quit following the revelations of a string of accounting errors. Chief executive Patrick McMahon was finance boss at the time of the 'discrepancies', before stepping up to become chief executive in May last year. The update came alongside the group publishing its unaudited annual results that showed revenues fell 2 per cent to £1.4billion. Ad agency Brave Bison has until Monday to announce whether it wants to make a firm offer to buy its rival The Mission Group or walk away. Shares fell 2.6 per cent, or 3.75p, to 142p.

Source: Daily Mail June 08, 2024 09:13 UTC