Cadbury cafe chain to be launched April 9, 2010 CADBURY is set to launch a high street cafe chain under new owners Kraft. Up to 60 new outlets called Cadbury Cocoa Houses are to be set up across the UK, serving hot chocolate, afternoon tea and novelty chocolate gifts. The outlets will be up against the likes of Starbucks in the high street cafe [...]
KRAFT BACKS CADBURY CAFES April 8, 2010 KRAFT is backing a plan to open a chain of Cadbury-branded cafés, in a bid to cash in on Britain’s café culture. The chain will go head to head with the likes of Starbucks, but will play on the brand’s British heritage by serving cream teas. US parent Kraft is expected to license the Cadbury [...]
Kraft slammed over Cadbury April 5, 2010 THE Business Select committee will today question whether UK takeover laws should be tightened in the light of Kraft’s acquisition of Cadbury. It is expected to criticise the power short-term stakeholders, including hedge funds, can wield over a company’s future. Committee chairman Peter Luff told City A.M.: “I think we need to look seriously at future [...]
BHP Billiton foiled again November 3, 2010 Canada’s rejection of BHP Billiton’s $39bn (£24.7bn) hostile bid for Potash Corp leaves the Anglo-American mining giant adrift. Chief executive Marius Kloppers has been extolling the importance of the takeover for months, but with just 30 days to deal with the government’s serious objections, it seems the blockbuster bid has all but run out of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 4, 2010 FINANCIAL TIMES EU NATIONS WIN A YEAR’S REPRIEVE ON STATE AID European governments will be allowed to provide soft loans and other concessionary support to their banking and industrial sectors for one more year because of the lingering effects of financial crisis, according Europe’s top competition regulator. But in an interview Joaquín Almunia, European Union [...]
Takeover Panel prepares Code review response September 9, 2010 A PRIVATE put-up-or-shut-up deadline is the most likely significant proposal to come out of the consultation on proposed changes to the Takeover Code, according to M&A experts. The Takeover Panel’s response to the consultation – sparked by controversy over Kraft’s takeover of Cadbury earlier this year – is due in the next couple of weeks, [...]
The budget hotel chain boss who says that bigger is certainly better January 30, 2011 NO wonder Guy Parsons, Travelodge’s boss, was feeling so chipper about life when we met earlier this month. He had just announced that very same day a £300m investment to build a further 35 hotels this year, which will expand his empire to 495 hotels with 35,841 rooms by next Christmas. Also, the key part [...]
Rosenfeld is second on power list October 7, 2010 KRAFT chief executive Irene Rosenfeld is the second most powerful woman in the world, outranked only by American First Lady Michelle Obama, according to Forbes magazine. Rosenfeld moves four places up the power rankings from last year’s Forbes list in the wake of Kraft’s £11.5bn play for chocolate maker Cadbury earlier this year. German chancellor [...]
DEALMAKER OF THE YEAR | The Shortlist September 6, 2010 THE past 12 months have seen a boom in M&A as we have emerged from the downturn, with the Kraft-Cadbury deal filling endless column inches.?Elsewhere, Santander’s onward march continued. Other deals brokered by our short list were perhaps not so high-profile, but just as impressive in their own sectors. Don’t miss the City event of [...]
Centrica chairman Carr mulls role advising on defence cuts October 3, 2010 CENTRICA chairman Roger Carr has been approached by the government about taking a role on the board of the Ministry of Defence (MoD), as part of its plan to appoint business leaders to oversee efficiency drives across all Whitehall departments. A number of business grandees have already been sounded out about the roles by Lord [...]