In a bid to boost its green credentials, Cadbury Schweppes
yesterday unveiled a programme to cut down on its use of energy,
packaging and water in response to climate change.
Niche markets offer the UK company better profit opportunities than
the traditional chocolate and sweets sectors, according to a
Euromonitor report on Cadbury's strategy.
Following talks in London today, Cadbury Schweppes has officially
announced its new confectionery strategies, to be implemented
following the separation of its drink division, Americas Beverages.
Cadbury Schweppes announced yesterday its move on Japanese
functional candy company Sansei Foods, in a bid to expand its
business further in the country's lucrative
confectionery market.
Cadbury pleaded guilty today in a UK court to three breaches of the
country's food and hygiene regulations, admitting it was
responsible for allowing salmonella-contaminated chocolate to be
sold on the market last year.
Cadbury Schweppes has bought a 93 per cent stake in Romanian sweets
maker Kandia-Excelent, from Kandia, a private equity investment
holding company managed by Meinl Bank.
News that Cadbury may be on the verge of selling off its beverages
arm has prompted rumours of multiple acquisitions for its chocolate
half - in what would be a huge shake-up of the global confectionery
landscape.
Speculation is growing over a potential takeover of confectionery
giant Cadbury following the announcement that US investor Nelson
Peltz has acquired almost 3 per cent of the company.
Sweet-maker Cadbury Adams could be set to bring new innovation to
market after being awarded a patent to manufacture a many-flavoured
chewable product with different layers and textures.
UK-based Cadbury Schweppes is set to be prosecuted under
environmental health laws after the company allegedly released
chocolate for sale that was contaminated with salmonella, according
to the Guardian newspaper.
Weak performance in the UK combined with financial irregularities
in Nigerian operations has added up to an unsettled year for global
confectionery giant Cadbury Schweppes, according to a trading
update announced today.
The world's second largest gum company, Cadbury Schweppes, is to
introduce its most popular chewing gum brand into the UK market
next year, putting the pressure on foremost competitor Wrigley and
adding to larger firm domination...
UK snack maker Kitchen Range Foods has launched a new range of
individually packaged chocolate doughnuts, created using the iconic
Cadbury confectionery brand.
The UK Cadbury salmonella scare continues to dog the company as its
local council applies for around £30,000 (€44,500) in funding to
investigate safety breaches at the factory where contamination
occurred.
Global confectionery maker Cadbury Schweppes has opened its first
R&D centre in south-east Asia, as it seeks to drive growth in
emerging markets like China, Malaysia, Thailand and Indonesia.
Cadbury Schweppes, the world's biggest confectionery maker, signed
an agreement yesterday with Vietnam's leading food maker Kinh Do,
giving it access to the company's extensive distribution network.
Cadbury Schweppes was the most likely source of an outbreak of
Salmonella montevideo that poisoned 37 people from February to June
this year, according to the UK's health authorities.
Cadbury Schweppes has been forced to improve cleaning processes at
its Herefordshire factory after last month's recall of
Salmonella-contaminated products.
Leading food manufacturer Kraft has paid £575m (€829.6m) for United
Biscuit's southern European snack business. The deal was signed off
over the weekend, said British daily The Financial Times.
Cadbury Schweppes has come under renewed criticism following a
regulatory finding that it did not adhere to EU safety measures at
its Herefordshire plant, where salmonella was discovered earlier
this year.
Chocolate has a nice feeling to it - tasty, fun, luxurious and
slightly sinful. This is comfort food, accessible to all and
epitomised in the recent film, Charlie and the Chocolate Factory.
The chairman of Kraft Foods, the world's second biggest food
company, Roger Deromedi, has launched an attack on EU and US trade
barriers that are driving up the price of commodity ingredients
such as sugar and coffee.
Cadbury Schweppes says that it is unlikely to be able to deliver
margin growth within the company's goal ranges for 2006, though US
gum sales have been strong.
The opinion of an advocate-general of the European Court of Justice
on UK anti-tax avoidance rules could benefit multinationals such as
confectioner Cadbury Schweppes.
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
