Investment bank Barclays Capital has reportedly suspended coverage of UK confectioner Cadbury due to its work with Kraft Foods.


Barclays is one of the banks providing US$9.2bn of loans to help fund the US food giant’s hostile bid for Cadbury.


However, in a note to clients, the bank said it had halted coverage as a result of it acting as financial advisor to Kraft, according to Reuters.


Barclays Capital declined comment when contacted by just-food.


Cadbury this week outlined its case for independence, urging shareholders to reject the advances of Kraft and to stick with a business that has “exceptional growth opportunities”.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Kraft retaliated claiming the UK firm’s investors are leaving themselves open to “significant risk”.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now