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Breaking News on Confectionery & Biscuit Processing

Kraft acted 'irresponsibly' in Cadbury takeover, claims UK report

Kraft’s reputation in the UK has been badly hit by its behaviour during the acquisition of Cadbury and it should be subject to continuous scrutiny over its subsequent pledges, claim...

Kraft pledges no Cadbury job cuts for two years

US food giant Kraft issued a public apology regarding the U-turn on its pledge to keep operational the Cadbury plant near Bristol, and it also promised to ensure no job...

Kraft CEO to miss UK political inquiry on Cadbury, report

Directors of both US food group Kraft and Cadbury are being called to account at a committee of UK politicians regarding the acquisition of the Dairy Milk maker tomorrow.

News in brief

Date confirmed for Kraft probe by MPs

A committee of politicians in the UK will meet next month to investigate the controversial takeover of chocolate firm Cadbury by US food giant Kraft, reports the Press Association.

Kraft silent on pension freeze impact for Cadbury

Kraft has announced that it will begin to end pension increases for current and non-union hourly employees from year end 2019 but the US food group did not provide any...

Kraft's Milka set to go head to head with Dairy Milk in UK

The Kraft owned chocolate brand Milka is to be launched across the entire UK market from April, just weeks after the US food giant purchased Dairy Milk maker Cadbury.

FSA issues allergy warning on Cadbury product

The UK Foods Standards Agency (FSA) has issued an allergy alert regarding Cadbury Chunks Bournville, due to the fact that it contains milk, which is not an intended ingredient.

Fury over Kraft u-turn on Cadbury plant closure

Kraft Foods’s reneging on a decision to keep a Cadbury factory near Bristol in the UK open will result in the loss of 400 jobs and has drawn criticism from...

News in brief

Top management at Cadbury resign

The top management at Cadbury have announced their resignation following the takeover of the UK confectionery giant by Kraft.

Kraft bid wins over 74% of Cadbury shareholders

Kraft’s takeover of UK chocolate firm Cadbury is now unconditional, as 74 per cent of Cadbury shareholders yesterday accepted the offer of 840p per share plus a 10p dividend.

Comment

Cheesed off – jingoism takes the spoils in the Cadbury battle

Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk...

Hershey will not bid for Cadbury

Kraft will not face competition from Hershey to buy UK confectionery company Cadbury, it is confirmed today. But a major Kraft shareholder has come out in opposition to this week’s...

Kraft deemed winner of choc wars

Kraft is the overall winner in the battle for UK confectioner Cadbury, and it looks like the US food group has netted a bargain in the final price, claim US...

Timeline: Cadbury and Kraft do battle

Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles, and Confectionerynews.com has constructed a timeline of...

Cadbury recommends acceptance of new Kraft takeover bid

Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles.

Kraft set to raise Cadbury offer, report

Kraft Foods will raise its bid for Cadbury to at least 820 pence per share, according to a report in the UK’s Sunday Times.

Cadbury shares up on reports of Hershey bid

Cadbury shares rose today on the back of media report that indicated that US chocolate maker, Hershey’s could be set to make a counter-bid for the UK confectioner, already the...

Cadbury worth more than Kraft bid - analysts

US based market analyst firm Bernstein Research claims that there is more value for Cadbury shareholders in the UK confectionery giant remaining a standalone company should a higher bid from...

Commission sets conditions for Kraft buying Cadbury

The difference between British and continental European chocolate preferences means the acquisition of Cadbury by Kraft would not present competition problems, the European Commission has said, as long as Cadbury’s...

Kraft’s largest shareholder votes against Cadbury bid

Kraft’s largest shareholder Berkshire Hathaway, run by billionaire investor Warren Buffett, has voted against the issuance of up to 370m shares to acquire Cadbury, it said on Tuesday.

Kraft sells pizza business to Nestlé to fund Cadbury offer

Kraft has sold its frozen pizza business to Nestlé to help fund its offer for Cadbury after Nestlé pulled out of the bidding for the British confectioner.

Packaging at forefront of Cadbury strategy

Streamlining of its packaging purchasing is one of the ways that confectionery giant Cadbury hopes to tighten margins in its strategy to stave off a take over from Kraft.

Nestlé and Kraft probe palm oil sources after sustainability claims

The globe’s two biggest food firms, Nestlé and Kraft, have launched internal investigations after a Greenpeace report claimed both purchase palm oil from Indonesian company PT Smart whose parent group...

Kraft questions Cadbury’s long-term targets

Kraft has dismissed the raised long-term growth targets published by Cadbury on Monday, saying the UK confectioner’s prospects are subject to significant risk and uncertainty.

Cadbury's 'aggressive' stance could keep it independent - analyst

Cadbury’s updated statement on revenue growth for the next four years should incentivise its shareholders to hold out for a higher offer than the bid from Kraft Foods or remain...

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