Finance Matters » Cadbury http://www.smoothlinking.net/financematters When Finance Matters Thu, 09 Feb 2012 00:47:22 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Kraft criticised for factory closure u-turn http://www.smoothlinking.net/financematters/3804/kraft-criticised-for-factory-closure-u-turn/ http://www.smoothlinking.net/financematters/3804/kraft-criticised-for-factory-closure-u-turn/#comments Tue, 06 Apr 2010 16:26:51 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=18032

US food giant, Kraft, has been criticised by a group of MPs today after the company pledged to keep open Cadbury’s Somerdale factory in Keynsham, but later decided to close the site following its takeover of the British confectioner.
Kraft, which made several hostile bids for Cadbury before shareholders finally agreed to a deal, initially said [...]

]]> http://www.smoothlinking.net/financematters/3804/kraft-criticised-for-factory-closure-u-turn/feed/ 0 Kraft promises no further factory closures http://www.smoothlinking.net/financematters/3005/kraft-promises-no-further-factory-closures/ http://www.smoothlinking.net/financematters/3005/kraft-promises-no-further-factory-closures/#comments Tue, 16 Mar 2010 14:31:37 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=17550 Marc Firestone, vice-president of US food giant, Kraft, has today appeared before MPs on the Business Select Committee and has apologised for the firm’s pledge to keep open Cadbury’s Keynsham factory.
Mr Firestone was questioned by MP’s over the company’s takeover of Cadbury. Kraft completed its takeover of the 186-year-old iconic British confectioner on 2 February [...]
]]> http://www.smoothlinking.net/financematters/3005/kraft-promises-no-further-factory-closures/feed/ 0 Kraft VP to be questioned over Cadbury factory closure http://www.smoothlinking.net/financematters/3000/kraft-vp-to-be-questioned-over-cadbury-factory-closure/ http://www.smoothlinking.net/financematters/3000/kraft-vp-to-be-questioned-over-cadbury-factory-closure/#comments Tue, 16 Mar 2010 08:52:35 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=17530 Marc Firestone, vice-president of US food giant, Kraft, will appear before MPs on the Business Select Committee today.
Mr Firestone will be questioned by MP’s over the company’s takeover of Cadbury. Kraft completed its takeover of the 186-year-old iconic British confectioner on 2 February after a five-month battle.
Earlier this month, the US food giant was investigated [...]
]]> http://www.smoothlinking.net/financematters/3000/kraft-vp-to-be-questioned-over-cadbury-factory-closure/feed/ 0 Kraft facing inquiry over Cadbury factory closure http://www.smoothlinking.net/financematters/2720/kraft-facing-inquiry-over-cadbury-factory-closure/ http://www.smoothlinking.net/financematters/2720/kraft-facing-inquiry-over-cadbury-factory-closure/#comments Mon, 08 Mar 2010 11:55:55 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=17333 US food giant, Kraft, is set to be investigated by the City takeover panel about whether it made misleading comments at the time of its takeover of British confectioner, Cadbury.
Kraft, which made several hostile bids for Cadbury before shareholders finally agreed to a deal, initially said a takeover of Cadbury would secure UK jobs, while [...]
]]> http://www.smoothlinking.net/financematters/2720/kraft-facing-inquiry-over-cadbury-factory-closure/feed/ 0 Kraft confirms closure of Cadbury Somerdale plant http://www.smoothlinking.net/financematters/1790/kraft-confirms-closure-of-cadbury-somerdale-plant/ http://www.smoothlinking.net/financematters/1790/kraft-confirms-closure-of-cadbury-somerdale-plant/#comments Thu, 11 Feb 2010 07:18:05 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=16675 US food giant, Kraft, has confirmed it will close Cadbury’s Somerdale plant near Bristol with the loss of 400 jobs.
Cadbury has a UK workforce of 4,500, including 2,500 at its historic Bournville factory in Birmingham and 400 at its headquarters in Uxbridge.
The move comes after the 186-year-old iconic British confectioner, renowned for Dairy Milk, [...]
]]> http://www.smoothlinking.net/financematters/1790/kraft-confirms-closure-of-cadbury-somerdale-plant/feed/ 0 Cadbury executives to step down following Kraft deal http://www.smoothlinking.net/financematters/1525/cadbury-executives-to-step-down-following-kraft-deal/ http://www.smoothlinking.net/financematters/1525/cadbury-executives-to-step-down-following-kraft-deal/#comments Wed, 03 Feb 2010 17:39:52 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=16526 Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield of Cadbury have announced today that they will step down from the British confectioner.
The three bosses announced their resignations following a shareholder vote which will see US food giant, Kraft, takeover the 186-year-old iconic British company in a £11.5 billion ($18.9 [...]
]]> http://www.smoothlinking.net/financematters/1525/cadbury-executives-to-step-down-following-kraft-deal/feed/ 0 Mandelson expresses ‘disappointment’ after meeting with Kraft chief http://www.smoothlinking.net/financematters/1515/mandelson-expresses-%e2%80%98disappointment%e2%80%99-after-meeting-with-kraft-chief/ http://www.smoothlinking.net/financematters/1515/mandelson-expresses-%e2%80%98disappointment%e2%80%99-after-meeting-with-kraft-chief/#comments Wed, 03 Feb 2010 10:17:26 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=16507 Business Secretary Lord Peter Mandelson said he was “disappointed” that Kraft could not guarantee that Cadbury’s confectionery brands will continue to be managed in the UK.
Mandelson met with Kraft chief executive, Irene Rosenfeld, last night after Cadbury shareholders voted in favour of the £11.5 billion ($18.9 billion) takeover deal from the US food giant.
The vote [...]
]]> http://www.smoothlinking.net/financematters/1515/mandelson-expresses-%e2%80%98disappointment%e2%80%99-after-meeting-with-kraft-chief/feed/ 0 Cadbury shareholders vote in favour of Kraft takeover http://www.smoothlinking.net/financematters/1488/cadbury-shareholders-vote-in-favour-of-kraft-takeover/ http://www.smoothlinking.net/financematters/1488/cadbury-shareholders-vote-in-favour-of-kraft-takeover/#comments Tue, 02 Feb 2010 17:33:42 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=16482 Cadbury shareholders have today voted in favour of the £11.5 billion ($18.9 billion) takeover deal from US giant, Kraft Foods.
Today’s vote brings an end to Kraft’s five-month battle to take control of the 186-year-old British confectioner.
Cadbury said it had received valid acceptances of the offer from shareholders representing 71.7% of the company.
Commenting on [...]
]]> http://www.smoothlinking.net/financematters/1488/cadbury-shareholders-vote-in-favour-of-kraft-takeover/feed/ 0 Cadbury workers stage protest over jobs threat http://www.smoothlinking.net/financematters/1270/cadbury-workers-stage-protest-over-jobs-threat/ http://www.smoothlinking.net/financematters/1270/cadbury-workers-stage-protest-over-jobs-threat/#comments Wed, 27 Jan 2010 10:35:36 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=16326 Workers at British confectioner Cadbury are to stage a protest today in Bournville, Birmingham in a bid to urge shareholders to reject the takeover offer from US food giant, Kraft.
Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, made an offer of £11.7 billion last week which 186-year-old Cadbury agreed to.
Following [...]
]]> http://www.smoothlinking.net/financematters/1270/cadbury-workers-stage-protest-over-jobs-threat/feed/ 0 Ferrero declares itself out of the running for Cadbury http://www.smoothlinking.net/financematters/1170/ferrero-declares-itself-out-of-the-running-for-cadbury/ http://www.smoothlinking.net/financematters/1170/ferrero-declares-itself-out-of-the-running-for-cadbury/#comments Mon, 25 Jan 2010 11:04:05 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=16235
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