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

The Business On... Irene Rosenfeld, CEO, Kraft Foods

Ah, the corporate raider.

Cadbury's jobs fears realised as Kraft wields axe

Kraft Foods has axed nearly three-quarters of Cadbury's staff who were covered by global contractual terms at the confectionery giant's head office, The Independent has learned.

Kraft to close UK head office

American food giant Kraft is to close its Cheltenham head office in the wake of its controversial takeover of chocolate-maker Cadbury's.

MPs open fire on Kraft over plans to shut Cadbury factory

Report on takeover says the US food giant was either incompetent or cynical

Kraft to close Cadbury factory near Bristol

The US food giant Kraft was last night accused of "deliberately misleading" 400 Cadbury workers after it confirmed it will close the UK confectionery company's manufacturing plant near Bristol in the wake of the £11.7bn take over of the Dairy Milk maker.

Ferrero drops out of Cadbury race

Italian confectioner Ferrero ruled itself out of the Cadbury takeover race today after last week's recommended £11.9 billion bid from US food giant Kraft.

Bitterness as Kraft wins Cadbury

UK investors are left with a sour taste as boss of 186-year-old confectioner admits that £11.9bn takeover by American giant will lead to job losses

Takeover will mean job cuts, says boss of Cadbury

Brown pledges to fight redundancies – but Kraft seeking 'cost savings' after £11.9bn deal

Resistance melts as Kraft raises Cadbury bid

Cadbury today backed a higher £11.5 billion recommended takeover offer from its US suitor Kraft Foods.

Esther Chávez: Prominent women's rights activist

Esther Chávez was a career accountant approaching 60 and retirement when she became appalled by what became known in Mexico as los feminicidios, or femicides, the largely unsolved murders of women in her city, Ciudad Juárez, on the border with the United States. Concerned by an apparent lack of action or even interest by the city or state governments and police, she became a passionate and internationally known campaigner for justice for the city's victims and against the abuse of women worldwide.

Cadbury launches last defence

Todd Stitzer, the chief executive of UK confectioner Cadbury, will launch a staunch final defence this week against predator Kraft Foods, the Toblerone maker.

Cadbury talks to Hershey over alternative to Kraft £10bn bid

Cadbury, which will today formally launch its defence against Kraft Foods's £10.1bn hostile takeover bid, is reported to have held talks with Hershey about plans for the US chocolate maker to table a rival bid that the Cadbury board could recommend to shareholders. Hershey is still weighing up making a offer for the British confectioner but does not want to get involved in a bidding war with Kraft.

Kraft's bid for Cadbury reveals boss's $3m to $8m bonus

Chocolate wars began in earnest this weekend as the US food giant, Kraft, launched its formal £10bn offer document for UK confectioner Cadbury.

Mandelson warning as Kraft bids for Cadbury

'Asset strippers' will face opposition from Government, minister says

Nestlé looking at the possibility of Cadbury offer

Nestlé is considering joining the battle for Cadbury as the US confectionery company Hershey puts the finishing touches to a counter-bid of its own. The British group is currently battling a 750p a share offer from Hershey's US rival, Kraft Foods, with the backing of shareholders who say that the offer is "too low". Cadbury has told all potential bidders that it will fight any bid lower than 850p a share and could even hold out for as much as 900p. Nestlé has not yet decided on whether to pursue an interest but talks at the Swiss company were last night said to be "serious".

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