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Easter treat for Cadbury

DAIRY Milk maker Cadbury reported a surge in demand for its products in the UK in the first quarter and will update the market on whether demand for small treats has stayed strong.

Sales in the UK and Ireland rose by 10 per cent in the first quarter of 2009 and Cadbury is expected to reveal a boost in second quarter trading in its local markets because of a late Easter, when it issues a trading statement on Thursday.

However, weaker international demand means the company has warned that it expects revenue growth for the full year at around the lower end of its targeted 4-6 per cent range.

Global sales rose by only 2 per cent in the first three months, but analysts at Nomura forecast 4 per cent growth in the last three months, led by stronger sales of chewing gum and robust demand for chocolate.

 
 
 

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