Preview - Cadbury H1
Cadbury won plaudits from consumers last week after the official launch of Fairtrade Dairy Milk - and, tomorrow (29 July), the UK confectionery giant looks set to receive praise from the investment community with its half-year numbers.
The company looks set to reveal that its underlying sales growth accelerated during the second quarter of 2009.
According to a consensus of 26 broker analysts, Cadbury is set to report a 3.1% rise in organic sales on a constant-currency basis.
In the first quarter of 2009, Cadbury posted revenue growth of 2%.
A median poll of 25 analysts see Cadbury posting underlying pre-tax profits of GBP256m (US$420.3m), a jump of 25%.
Investors, however, will be keen to see how Cadbury is performing in Europe, where the group has endured "challenging" trading conditions this year.
Emerging markets in South America, the Middle East, Africa and Asia has helped offset any sluggishness in Europe.
The group's gum and candy businesses, meanwhile, have enjoyed growth in more developing markets.
Cadbury's acceptance of Kraft Foods' takeover bid raised eyebrows yesterday (19 January) not least because of the UK confectioner's fierce criticism of the US food giant's business and management. Dea...
After a five-month siege, Kraft Foods today (19 January) all but won the highly-publicised battle for Cadbury, turning its hostile approach friendly and securing the support of the UK confectioner's b...
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Cadbury dominated the headlines again this week with the announcement that its board had approved an increased offer from Kraft Foods....
Kraft Foods' patient pursuit of Cadbury this week paid off as the US food giant secured the backing of the UK confectioner's board after tabling a higher takeover offer. The proposed acquisition of Ca...
US billionaire and Kraft Foods' largest shareholder Warren Buffett has labelled the company's proposed acquisition of Cadbury a "bad deal" in a withering attack on US television....
The likelihood of a competing offer Cadbury receded yesterday (19 January) after Kraft Foods won the backing of the UK confectioner's board by raising the value of its takeover bid....
Fitch has downgraded Kraft Foods' credit rating after the US food group's GBP11.9bn (US$19.4bn) offer to acquire UK confectioner Cadbury....
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