Sponsored by
Cadbury puts on brave face
CADBURY Schweppes shrugged off takeover speculation surrounding the group yesterday as it vowed to recover from a challenging 2006 and reinvigorate the UK chocolate market.
Ken Hanna, finance director, said the group heard rumours "every day" but was committed to pushing ahead in its current structure despite a torrid 12 months.
Market talk of a bid from Kraft Foods, Hershey and a host of private equity firms has underpinned the shares in recent weeks, but Todd Stitzer, its chief executive, said that Cadbury was in a commanding position despite last year's salmonella scare, which cost 30 million, and last week's warning that the group may have to recall Easter eggs over a nut scare.
Full-year results showed pre-tax profits dropped 12 per cent to 738m in 2006. Shareholders will pocket a dividend of 14p per share, up 8 per cent.
Email to a friend
Print this page- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- Police investigate death of man, 31, on West Highland Way
- The Rumour Mill: Monday’s football news and gossip
- Leveson inquiry: Tony Blair defends links with Rupert Murdoch
- Craig Levein insists Scotland will recover from US thrashing
- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- The Rumour Mill: Monday’s football news and gossip
- Craig Levein insists Scotland will recover from US thrashing
- James McPake set for Coventry talks as Hibs wait in wings
- Scottish independence: Labour voters ‘will deliver independence’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Tuesday 29 May 2012
Today
Cloudy
Temperature: 9 C to 14 C
Wind Speed: 13 mph
Wind direction: North east
Tomorrow
Cloudy
Temperature: 9 C to 15 C
Wind Speed: 12 mph
Wind direction: North east
