Editor's blog: Cadbury goes the same way as our cars

I'm annoyed about what's happening to Cadbury - but some of the responses have been pathetic.

by
Last Updated: 06 Nov 2012

So that’s that then: it’s all over bar the photoshoot. Irene Rosenfeld will appear strolling the streets of Bournville, meeting the quaint little Brummie chocolatiers, gripping her Curly Wurly, declaring she’s held a secret, lifelong devotion to Creme Eggs and really respects their fine Quaker CSR heritage. Then she’s back to the grim office in Northfield, Illinois - never to darken the UK’s shores again - to work out how on earth she’s going take the axe to the cost base in a rearguard effort to pay the interest bills on that £7bn. I’m not going to pretend that I’m not annoyed and a little sad about Cadbury’s fate, even if it was probably right to let the market do its work. Some are saying the board gave Cadbury away and should have gone for at least £9 per share. But the most important thing is that there goes another part of UK business down the same route as our car industry, Pilkington, P&O, Abbey, BAA, Manchester United, O2... [CLICK HERE TO READ MORE AND COMMENT]


In today's bulletin:

Cadbury surrenders - but Milks Kraft for £12bn
Record jump in inflation as VAT and fuel prices rise
Editor's blog: Cadbury goes the same way as our cars
Japan Airlines' crash-landing adds to BA's woes
The Parent Project: How pregnancy translates abroad

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