News Tag: £10bn
September 7, 2009
British confectionery giant Cadbury has turned down a £10.2 billion takeover offer from Kraft, the US food giant.
Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry's Chocolate Orange, Toblerone and cheese products such as Philadelphia and Dairylea, said the takeover would secure UK jobs, while keeping open Cadbury's Somerdale factory, which is currently scheduled to close.
Kraft also ...
Cadbury rejects £10bn approach from Kraft
by Kay Murchie
February 15, 2009
Lloyds Banking Group shares took a pounding on Friday after it warned of multi billion pound losses at HBOS, the bank it rescued last September.
Shares in Lloyds, which is 43% owned by the taxpayer, plummeted 40% within a few minutes of the news being announced, but recovered slightly to close at 61.4p.
Chief executive Eric Daniels revealed that the ...
Lloyds warns of potential £10bn loss at HBOS
by Kay Murchie
