FMCG Sector

Buoyed by impressive profits growth, Whitbread hikes dividend by nearly 20%

Whitbread, the operator of Costa Coffee and Premier Inn hotel chains, on Tuesday announced an impressive rise in profits and rewarded its shareholders with a nearly 20 per cent increase in dividend.

Wrongly Labelled Food Packs Lead to Recall of 96,000 Pounds of Hot Dogs

Kraft Foods has issued recall for 96,000 pounds of hot dogs nationwide due to wrong label on the product. The U. S. Department of Agriculture's Food Safety and Inspection Service on Sunday announced that Kraft has issue the nationwide recall as the company thinks that some of the Classic Cheese Dogs might have unintentionally being packed in packages meant for the Classic Wieners.

Bart Becht Earns £93 million as CEO of Reckitt Benckiser

It has been revealed that Britain’s corporate payments have reached a high echelon. This comes with the revelation of the salary offered to Bart Becht, Chief Executive of Reckitt Benckiser. According to sources, the salary offered to him last year was £93 million.

This revelation has come just days after Richard Lambert, the CBI Director-General, stated that executives carried the risk of being perceived as aliens from another galaxy because of their colossal pay packages.

"Massive" Job Losses Feared by Cadbury's Union Leader after Takeover

Union leaders of UK's giant confectioner Cadbury have shared concerns over "massive" job cuts that might come as a result of the firm's acquisition by US food giant Kraft. Revealing these fears after a meeting between the British firm's union and Kraft, the leaders said that Kraft had given no guarantees over keeping the workforce safe in anyway.

Kraft's most recent offer of ?9.8 Billion ($16.4 Billion) has been rejected by Cadbury, but it is now all set to go to shareholders, who might just be tempted by the big bid.

Cadbury Chief Executive Says Firm Shares "Cultural Similarity" with

Just when everyone had started thinking that no offer is good enough for the British confectionary giant Cadbury, Chief Executive of the firm Todd Stitzer has surprised everyone by saying that the company shares "a lot of cultural similarity" with its latest suitor Hershey, the renowned American brand.

Kraft to offer more for Cadbury

The fate of Cadbury as a proudly independent confectioner, and the security of hundreds of jobs in the UK and Ireland, may hang on critical decisions taken this weekend by two towering figures in the stock-picking world: American billionaire investors Warren Buffett and Nelson Peltz.

Two months after Kraft publicly declared its proposed bid for Cadbury Plc. now worth about $16.36 billion -- Kraft Foods Inc. Chief Executive Officer Irene Rosenfeld faces a Monday deadline to decide whether to proceed with a formal offer or walk away for at least six months.