News Tag: offer
January 18, 2010
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 ...
Cadbury shares up as Kraft deadline looms
by Kay Murchie
January 12, 2010
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 ...
Cadbury attacks Kraft after it unveils ‘outstanding’ 2009
by Kay Murchie
January 5, 2010
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 ...
Kraft increases offer for Cadbury as Nestlé withdraws bid
by Kay Murchie
November 9, 2009
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 ...
Cadbury turns down Kraft hostile bid
by Kay Murchie
Kraft deadline looms as Cadbury awaits next move
by Kay Murchie
October 22, 2009
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 ...
National Express issues profit warning and announces £350m rights issue
by Kay Murchie
October 21, 2009
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 ...
Cadbury sees strong third quarter
by Kay Murchie
October 19, 2009
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 ...
Stagecoach makes fresh offer for National Express
by Kay Murchie
September 13, 2009
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 ...
Cadbury describes Kraft bid as ‘unappealing’
by Kay Murchie
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
May 8, 2009
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 ...
Tesco offers 45% discount on home insurance
by David Masters
April 28, 2009
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 ...
A&L offers £100 to new current account customers
by David Masters
April 22, 2009
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 ...
Halifax entices borrowers with Council Tax offer
by Gill Montia
January 16, 2009
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 ...
KPMG staff offered sabbaticals or four-day weeks
by Kay Murchie
October 13, 2008
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 ...
Lloyds revises HBOS takeover offer
by Kay Murchie
September 19, 2008
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 ...
HSBC abandons $6bn offer for KEB
by Kay Murchie
August 21, 2008
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 ...
Oakwood joins Edeus in paying borrowers to leave
by Gill Montia
June 22, 2008
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 ...
Gibraltar financier makes offer for London Scottish Bank
by Kay Murchie
April 28, 2008
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 ...
Nationwide courts first-time buyers
by Gill Montia
