World Business Briefing | Europe: Britain: Cadbury Shares Climb as Investor Buys Stake
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Cadbury Schweppes said a group led by the billionaire Nelson Peltz had ac-quired a 2.98 percent stake in the company, leading to speculation about a takeover. The companyâs shares rose more than 10 percent. Mr. Peltz, left, has a record as a shareholder activist, buying stock in companies he sees as undervalued then agitating for change from within, and analysts said the market would be watching closely to see if he tried to gain a seat on the Cadbury board. Cadbury, which is based in London and makes Dairy Milk chocolate, Dr Pepper soft drinks and Trident gum, declined to comment beyond a brief statement to the London Stock Exchange acknowledging the Peltz investment.
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Europe&#39;s main stock markets mainly rose as investors seized on the latest developments in the multi-billion-euro takeover battle for control of Dutch lender ABN Amro, dealers said Monday.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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Shares in Sainsbury&#39;s have risen more than 3 percent to a five-week high as investors digested reports of a possible 8 billion pound plus bid for the supermarket chain.
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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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UK blue chips were firmer mid-afternoon as a level of confidence returned to the UK markets, following some bullish corporate news. Sentiment was further boosted by a stronger start to trading on Wall Street.
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Shares in fruit canner SPC Ardmona jumped by 20 per cent on Friday, after a takeover bid by Coca-Cola Amatil. The bid&#39;s been recommended by the SPC board, but 75 per cent of shareholders will need to approve it, at meetings early next year.
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Shares in Sainsbury's rise by 16% on rumours the supermarket could become the target of a takeover bid.
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British blue chips rose as a spike in the price of oil offset initial enthusiasm over better-than-expected US jobs data.
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A Qatari investment group said Friday that it has increased its shareholding in J Sainsbury to 25 percent.
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European equities rose on Monday, helped by bid speculation in the reinsurance sector and strength among carmakers. The FTSE Eurofirst 300 gained 0.4 per cent at 1,549.925.
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European tobacco stocks were lifted by bid activity on Thursday which helped equity markets nudge higher, while interest rate decisions by both the Bank of England and the European Central Bank went as expected.
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Shares in takeover target National Foods have pushed further ahead on the Australian Stock Exchange. Yesterday, they surged more than 5 per cent higher to $6.25, after Philippine food and drink giant San Miguel
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Shares in UK food and drink firm Allied Domecq rise on speculation that it could be a takeover target for France's Pernod Ricard.
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European stocks climbed for a fourth day Monday, as national benchmarks advanced in 13 of the 18 Western European markets.
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London - British drinks giant Diageo on Tuesday said it had raised $2.26 billion (R15 billion) from the sale of 49.9 million shares in US food company General Mills.
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The Gulf state of Qatar on Friday tightened its grip on J Sainsbury, Britain&#39;s third biggest supermarket chain, by raising its stake to 25 percent, sparking speculation it may launch a takeover.