News

Strong demand for Costa coffee and a solid performance by budget Premier Inns saw a sharp rise in third-quarter sales at Whitbread, leaving it confident it will meet targets for the year

Business Diary: Kraft boasts about Easter dominance

Give them top marks for persistence at least. Kraft Foods, the American company that caused such disquiet with its hostile takeover of Cadbury, has published a jaunty little rundown of the way its brands have been dominating Easter the world over. The idea was presumably to generate some goodwill, though revealing that you've bought Easter does rather confirm the prejudices some people have about big business. Still, Cadbury fans will be pleased to hear creme eggs are popular from here to Canada.

Easter eggs get smaller (but don't worry, it's only the boxes)

Children will wake up to smaller Easter eggs tomorrow – because chocolate makers have shrunk the packaging on millions of boxes by half.

The eggs roll by, but life at Bournville has a darker side

A Slice of Britain: New owner Kraft won't guarantee long-term jobs, so Cadbury workers fear this is their final Easter

My Life In Travel: Ben Shephard, television presenter

'You just get on with life in New Zealand'

The number is up for the BBC's National Lottery draw

The BBC is almost certain not to bid for a renewal of the right to screen live National Lottery draws when the contract comes up next year.

Takeover Panel tables M&A code overhaul

The Takeover Panel has moved a step closer to drastically overhauling its code as it seeks to remove the "tactical advantage" for hostile bidders targeting UK companies.

Solomons to lead IHG after Cosslett decides to check out

Andrew Cosslett surprised the market with his decision to step down from the helm of Intercontinental Hotels Group (IHG) yesterday, with the chain announcing finance director Richard Solomons as his replacement.

Kraft refuses to rule out further UK job losses

The US food giant Kraft refused to rule out more UK redundancies during a grilling by MPs yesterday, only a year after it completed its £11.5bn takeover of Cadbury.

David Prosser: If they want bonuses for doing well, dock their pay when things go wrong

Outlook: Making a part of pay conditional on performance might be seen as a 'reverse bonus', a device for making rewards less of of a one-way street

'Cadbury law' delay angers union

The Government was today accused of "dragging its feet" on a so-called Cadbury Law to protect British firms from predatory takeovers in the wake of the controversial sale of the chocolate giant to US firm Kraft Foods.

Kraft to go before BIS committee

Senior executives from Kraft will tomorrow face a grilling from MPs as they update the business select committee on commitments they made after controversially buying Cadbury.

Business Diary: Geithner joins the NYSE patriots

Tim Geithner , US Treasury Secretary, seems like a sensible fellow, so what a pity that he seems to be joining Chuck Schumer, the Democrat senator for New York, in his lamentable whingeing about the merger of the New York Stock Exchange and Deutsche Börse. Schumer, affronted by the thought of the Germans taking over, has threatened to try to wreck the deal unless the new entity has a name with NYSE at the front, rather than Deutsche. And it looks as if he's signed up Geithner to the battle – the Treasury Secretary says he "very much" agrees with Schumer.

Cadbury costs bite into Kraft profits

Costs stemming from the acquisition of the UK chocolate business Cadbury left the US food giant Kraft with a 24 per cent drop in Q4 profits.

Chocs away as Dairy Milk shrinks

It has been a common complaint: chocolate bars perennially seem to be getting smaller. Now Cadbury has admitted it is cutting the size of its Dairy Milk bar by two squares despite the price remaining the same.

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