|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Sunday 21st of March 2010

News Tag: offer

January 18, 2010

Cadbury shares up as Kraft deadline looms

by Kay Murchie
Cadbury shares up as Kraft deadline looms
British confectioner Cadbury, renowned for Dairy Milk chocolate, is awaiting the next move from US food giant, Kraft. Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an informal £10.2 billion takeover offer, which Cadbury rejected. In November, Kraft made a second bid of £9.8 billion, which was again swiftly rejected. Earlier this ...



January 12, 2010

Cadbury attacks Kraft after it unveils ‘outstanding’ 2009

by Kay Murchie
”Cadbury
British confectioner Cadbury, renowned for Dairy Milk chocolate, urged shareholders today not to let Kraft “steal your company with its derisory offer“. Cadbury chairman, Roger Carr, delivered the statement after it said it had enjoyed an "outstanding" performance in 2009, which exceeded market expectations. It said underlying revenues were up 5% in 2009, with a 6% rise in the latter ...



January 5, 2010

Kraft increases offer for Cadbury as Nestlé withdraws bid

by Kay Murchie
”Kraft
Swiss food giant Nestlé has declared itself out of the running for British confectioner Cadbury. Late last year, Nestlé was reported to be the latest company to make an offer for Cadbury after US food giant, Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an informal £10.2 billion takeover ...



November 9, 2009

Cadbury turns down Kraft hostile bid

by Kay Murchie
”Cadbury
The board of British confectioner Cadbury has swiftly rejected the £9.8 billion ($16.4 billion) hostile bid from US food giant Kraft. The offer, which was put directly to Cadbury’s shareholders, was described by chairman Roger Carr as "derisory". Kraft said it would offer 300p in cash and 0.2589 new Kraft shares for each Cadbury share, the same terms as it proposed two ...



Kraft deadline looms as Cadbury awaits next move

by Kay Murchie
”Kraft
Two months ago, US food giant Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury with an informal £10.2 billion takeover offer, which the UK confectioner later rejected. Roger Carr, chairman of Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. However, under takeover rules, the US food ...



October 22, 2009

National Express issues profit warning and announces £350m rights issue

by Kay Murchie
”National
Bus and train operator National Express has today issued a profit warning and is to proceed with a £350 million rights issue within weeks to strengthen its balance sheet as it struggles under a mountain of debt totalling almost £1 billion. Analysts say the rights issue will be completed before Christmas. Meanwhile, the company said trading conditions "remained ...



October 21, 2009

Cadbury sees strong third quarter

by Kay Murchie
”Cadbury
The maker of Dairy Milk chocolate, Cadbury, has exceeded analysts expectations in the third quarter after reporting a 7% rise compared with the same period a year ago. Analysts had been expected growth of around 4% and the news sent shares up 0.9% to 808p in the British confectionery giant. Cadbury chief executive, Todd Stitzer, said: "We have great momentum in our business ...



October 19, 2009

Stagecoach makes fresh offer for National Express

by Kay Murchie
”Stagecoach
Stagecoach has approached rival National Express with a £1.7 billion offer after a Spanish-led consortium withdrew its £765 million offer last week for the rail and bus group. Stagecoach, the operator of South West Trains and East Midlands Trains, has made a new all-share offer for its rival, following the withdrawal of the Spanish-led consortium, which comprised private equity firm CVC ...



September 13, 2009

Cadbury describes Kraft bid as ‘unappealing’

by Kay Murchie
”Cadbury
Roger Carr, chairman of British confectionery giant Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. Last week, US food giant Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange and Toblerone, approached Cadbury with the unsolicited offer, which the maker of Dairy Milk chocolate, later rejected. When news of ...



September 7, 2009

Cadbury rejects £10bn approach from Kraft

by Kay Murchie
”Cadbury
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 ...



May 8, 2009

Tesco offers 45% discount on home insurance

by David Masters
”Tesco
Tesco Home Insurance is offering a 45% discount for new customers who purchase a policy online. The supermarket financial provider said the online discount is available on its Value, Standard, and Finest cover. Value cover is Tesco's 'no frills' policy, offering protection for major events such as fire, storms, theft, and floods. Standard cover adds a higher cover limit, and provides cover for ...



April 28, 2009

A&L offers £100 to new current account customers

by David Masters
A&L offers £100 to new current account customers
Alliance & Leicester (A&L) is offering £100 to new customers opening a current account. The Santander-owned bank said the offer will be available for four weeks from Thursday 30 April to new customers opening a Premier Current Account or a Premier 50 Current Account. "This is only available for a few weeks, so grab it while you can!" said A&L’s current ...



April 22, 2009

Halifax entices borrowers with Council Tax offer

by Gill Montia
Halifax entices borrowers with Council Tax offer
As of this week, Halifax is plying homemovers and first-time buyers with a new offer that provides help towards the cost of running a home. Borrowers can have 50% of their council tax bill paid by the lender during the first year in their new residence, with all payments being made direct to local councils. There is a ceiling to Halifax's generosity ...



January 16, 2009

KPMG staff offered sabbaticals or four-day weeks

by Kay Murchie
”KPMG
One of the world’s leading accountancy firms, KPMG, is the latest to suffer during the economic downturn after it offered its 11,000 staff sabbaticals or a shorter working week. In an email earlier today, staff were told they have the option of moving onto a 4-day week, with the fifth day unpaid. According to the accountancy firm, the proposal is a ...



October 13, 2008

Lloyds revises HBOS takeover offer

by Kay Murchie
”Lloyds
The terms of Lloyds TSB’s takeover for Halifax owner, HBOS, have been revised. HBOS shareholders will now receive 0.605 shares for each HBOS share they own, revised from the original offer last month of 0.833. The news comes as the Government announces a £37 billion rescue plan, which will see £20 billion injected into Royal Bank of Scotland (RBS) and a further £17 ...



September 19, 2008

HSBC abandons $6bn offer for KEB

by Kay Murchie
”HSBC
HSBC has confirmed it is to withdraw its $6 billion (£3.3 billion) bid to purchase a 51% stake in Korea Exchange Bank (KEB). The majority stake is owned by US private equity firm Lone Star Funds. The acquisition was agreed by HSBC over a year ago but regulators in South Korea withheld approval, pending investigation into Lone Star’s investment practices in ...



August 21, 2008

Oakwood joins Edeus in paying borrowers to leave

by Gill Montia
Oakwood joins Edeus in paying borrowers to leave
Another mortgage company is prepared to pay its customers to take their business elsewhere. Oakwood Global Finance, which specialises in buying residential mortgages from other lenders, is offering a 15% discount to certain customers who can redeem their home loans, either by remortgaging or from their own funds. In addition, the firm's usual early repayment charge and £120 exit fee will ...



June 22, 2008

Gibraltar financier makes offer for London Scottish Bank

by Kay Murchie
”Gibraltar
Struggling sub-prime lender London Scottish Bank (LSB) has received an informal approach from Gibraltar-based financier, Gregory King. Mr King’s plans are to purchase a majority stake in the crisis-torn bank. Last month, he approached Robin Ashton, LSB’s chief executive, with a proposal to underwrite a rescue rights issue in exchange for control of the business. However, the proposal was dismissed ...



April 28, 2008

Nationwide courts first-time buyers

by Gill Montia
Nationwide courts first-time buyers
Nationwide Building Society has mixed news for new mortgage customers. From 1st May, the lender aims to help those getting a foot on the property ladder with an offer on its three-year tracker and fixed-rate mortgages. First-time buyers applying to the building society direct will be eligible for a £300 discount on their reservation fee and a £100 discount on legal fees, if they use ...