Imperial Tobacco shares bounce back after drop in sales revealed
Shares in Bristol-based Imperial Tobacco regained some of the ground lost yesterday when the group revealed a drop in sales.
Shares in Bristol-based Imperial Tobacco regained some of the ground lost yesterday when the group revealed a drop in sales.
One of the Bristol area’s oldest businesses, workwear group Alexandra, has been put up for sale by administrators called in following a long-running cash crisis.
Shares in workwear firm Alexandra tumbled by nearly 30% this morning after it said plans to convert a factory site in Scotland into a retail park had been rejected by the local council.
A middle-ranking executive of Kraft Foods says he is “terribly sorry” for the firm’s pledge to keep open Cadbury’s Keynsham plant.
The US food giant Kraft has broken its pledge to keep the Cadbury factory in Keynsham open, just weeks after it announced its takeover of the confectioner.
Gordon Brown has warned US food giant Kraft not to cut British jobs, following its takeover of Cadbury this morning.
US food giant Kraft has stepped up its bid for Cadbury today with a revised offer for the confectioner, as a major competitor ruled itself out of the race.
Shares in Cadbury have edged over the 800 pence mark today after it was reported that US firm Kraft was expected to make a new bid for the confectioner in the next two weeks.
Cadbury has denied it is in talks with Hershey to pave the way for the US-based food giant to make a takeover bid for the confectioner.
Interest from rival food companies in launching a rival bid for Cadbury has helped drive up the share price of the confectioner.
