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”.

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

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