Kraft CEO attacks trade barriers on sugar prices
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 to miss targets for 2006
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 acquires South African gum business
Cadbury Schweppes has completed the acquisition of South Africa's
leading chewing gum business from Botswana-based Dan Products.
Kraft Australia to cut more than 300 jobs
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.
Kraft and Premier Foods eye United Biscuits
US food giant Kraft is partnering with Britain's Premier Foods to
launch a bid for United Biscuits, according to industry insiders.
Cadbury buoyed by ECJ tax ruling
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's tax rebate strengthens finances
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.
Cadbury sells popcorn business
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 sues Cadbury over packaging
Wrigley has filed a lawsuit against Cadbury Adams in the US for
violation of its trade dress.
Gum and emerging markets drive Cadbury's 2005 growth
Cadbury Schweppes has exploited the continued global growth of
chewing gum and tapped into emerging new markets to report
increased sales for 2005.
Cadbury to magnify gum focus
Cadbury Schweppes will buy South Africa's biggest chewing gum
business for £33 million(€48m), and sell its drinks business in the
Cadbury opens $40 million gum research centre
Cadbury has opened a $40 million chewing gum research centre to
develop new products for a booming market.
Cadbury signs record TV deal as Dairy Milk tops 2005 sales charts
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 and Kraft both look to Eastern Europe
Cadbury Schweppes is to invest £70 million in building a
manufacturing facility in Poland, whilst Kraft has moved production
from Norway to Lithuania.
Cadbury's unwelcome Christmas surprise
Cadbury Schweppes has been forced to recall its Dairy Milk
Miniatures advent calendars, in the UK, due to incorrect labelling.