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.
Cadbury Schweppes has completed the acquisition of South Africa's
leading chewing gum business from Botswana-based Dan Products.
Kraft Foods will axe 325 jobs at two of its Australian
manufacturing sites under a two-year plan to reduce costs, it
revealed on Wednesday.
US food giant Kraft is partnering with Britain's Premier Foods to
launch a bid for United Biscuits, according to industry insiders.
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.
Leading confectioner and drinks company Cadbury Schweppes has
announced plans to sell its UK-based popcorn and toffee divisions,
as the company sets about tweaking its extensive global portfolio.
Wrigley has filed a lawsuit against Cadbury Adams in the US for
violation of its trade dress.
Cadbury Schweppes has exploited the continued global growth of
chewing gum and tapped into emerging new markets to report
increased sales for 2005.
Cadbury Schweppes will buy South Africa's biggest chewing gum
business for £33 million(€48m), and sell its drinks business in the
Cadbury has opened a $40 million chewing gum research centre to
develop new products for a booming market.
Cadbury has signed the biggest TV sponsorship deal in Europe, with
ITV's Coronation Street, promoting brands such as the UK's
bestseller Dairy Milk.
Cadbury Schweppes is to invest £70 million in building a
manufacturing facility in Poland, whilst Kraft has moved production
from Norway to Lithuania.
Cadbury Schweppes has been forced to recall its Dairy Milk
Miniatures advent calendars, in the UK, due to incorrect labelling.
Cadbury Schweppes has announced it plans to sell its European
beverages arm for £1.2bn to a private equity consortium led by Lion
Capital and Blackstone.