Cadbury to cut costs as drinks sale nears-source
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Cadbury Schweppes  is planning  to move out of its expensive central London offices as part of  a cost-cutting drive that will be announced on June 19, a  source familiar with the matter said on Friday.
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Britain's Cadbury Schweppes Plc  on Tuesday reported a 2 percent dip in 2007 profits but added it was encouraged by the good trading momentum it had seen in the new year and saw margin improvement in 2008.
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King-sized Mars and Snickers chocolate  bars will be cut down to size in Britain next year as a leading  food manufacturer responds to growing pressure about portion  distortion and rising levels of obesity.
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British pharmaceutical giant GlaxoSmithKline said Wednesday it would cut jobs and costs as it blamed a fall in third-quarter profits on sliding sales of controversial diabetes drug Avandia.
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King-size candy bars which have helped fuel Britain&#39;s expanding appetite and waistline will be phased out by some food companies in compliance with an official campaign against obesity, according to reports.
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The world&#39;s largest soft drink maker, Coca Cola, has lowered its sales targets. The news, coming from the company&#39;s new CEO, Neville Isdell, is the latest gloomy forecast from the beverage giant.
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Coca-Cola Enterprises Inc.  said  on Tuesday it took a $2.9 billion impairment charge in 2006,  and the largest bottler of Coca-Cola  drinks also said it  plans to cut about 3,500 jobs, or 5 percent of its global work  force.
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Coca-Cola on Friday agreed to alter its sales practices in some European markets, an offer likely to bring to an end a five-year investigation by the European Commission into whether the soft drinks giant was stifling retail competition.
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Cadbury Schweppes Plc, the maker of 7Up and Dr Pepper, said 2004 earnings will be at the low end of forecasts as demand in the US and Europe stagnates, days after Coca-Cola Co.
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Cadbury Schweppes, the confectionery and soft drinks giant, has set a deadline of Friday for bids for its US beverages arm amid interest from private equity consortiums.
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NEW YORK/PHILADELPHIA  - At least two bidding groups plan to submit offers on Friday to acquire Cadbury Schweppes Plc's  U.S. beverage unit for as much as $15.8 billion (8 billion pounds), sources familiar with the situation said on Tuesday.
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The world&#39;s biggest confectioner Cadbury Schweppes PLC said Friday its full-year results would be at the lower end of target ranges after a wet summer curbed soft drinks sales in Europe.
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Confectionery and soft drinks giant Cadbury Schweppes has said it would incur costs totalling about 30 million pounds after being hit by a recent salmonella food scare.
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Diageo is looking to sell part of its stake in General Mills Inc. The drinks giant announced yesterday (4 October) that it plans to sell around 33.
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Retailers are having to slash prices earlier to attract pre-Chrismas shoppers, a survey suggests.
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Carlyle Capital Corporation Ltd (CCC) has cut the price of a planned initial public offering, its chief executive said on Thursday, blaming market "headwinds".
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Cadbury Schweppes Plc , the  world&#39;s largest confectionery group, said it planned to cut 15  percent of its jobs and factories and was more likely to sell  than spin off its American drinks unit.