{"id":165012,"date":"2010-01-11T04:23:00","date_gmt":"2010-01-11T09:23:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-461512631226476720"},"modified":"2010-01-11T04:26:45","modified_gmt":"2010-01-11T09:26:45","slug":"businessweek-cadbury-set-to-step-up-kraft-defense-with-sales-profit-gains","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/165012","title":{"rendered":"BUSINESSWEEK: Cadbury Set to Step Up Kraft Defense With Sales, Profit Gains"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --><\/p>\n<div><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><span id=\"pubDate\" class=\"date\">January 11, 2010, 03:52 AM EST<\/span><\/p>\n<p>By Sarah Shannon<\/p>\n<p><a href=\"http:\/\/www.fishpond.co.nz\/index.php?ref=695&amp;affiliate_banner_id=36\" ><img decoding=\"async\" src=\"http:\/\/www.fishpond.co.nz\/affiliate_show_banner.php?ref=695&amp;affiliate_banner_id=36\" alt=\"Fishpond\" border=\"0\" \/><\/a><br \/><span class=\"availability\"><\/span><span style=\"font-style: italic; font-size: 78%;\">SPONSOR<\/span><\/p>\n<p class=\"indent\">Jan. 11 (Bloomberg) &#8212; Cadbury Plc, the world\u2019s second- largest confectioner, will probably step up its defense against Kraft Foods Inc.\u2019s hostile 10.9 billion-pound ($17.6 billion) bid tomorrow by posting increases in 2009 sales and earnings.<\/p>\n<p class=\"indent\"> Revenue climbed 12 percent to 6 billion pounds in the year through Dec. 31, according to the median of nine analysts\u2019 estimates compiled by Bloomberg. So-called underlying profit from operations probably rose to 806 million pounds from 638 million pounds, the median of four estimates shows.<\/p>\n<p class=\"indent\"> Cadbury is due to issue preliminary figures as it seeks to fend off Kraft, whose offer it has described as \u201cderisory.\u201d In December, the U.K. candy maker raised guidance for so-called organic sales growth to between 5 and 7 percent annually through 2013, and lifted its profitability forecast. Cadbury has yet to receive a competing offer from Hershey Co. or Ferrero SpA, which have both said they are exploring options.<\/p>\n<p class=\"indent\"> \u201cWe will get a very upbeat trading update from Cadbury,\u201d Jeremy Batstone-Carr, an analyst at Charles Stanley, said by phone. \u201cEmerging markets are ploughing ahead remorselessly,\u201d said the analyst, who has a \u201creduce\u201d recommendation.<\/p>\n<p class=\"indent\"> Chief Executive Officer Todd Stitzer said in December that businesses in India, South America, the Middle East and Africa continued to show \u201cstrong momentum.\u201d Emerging markets will grow sales at a quicker pace than the company average over the medium-term, with organic revenue to increase by 10 percent to 12 percent annually, he said.<\/p>\n<p class=\"indent\"> Western Europe and the U.S. \u201care proving more sluggish\u201d for Cadbury, Batstone-Carr said. \u201cIt remains to be seen whether they will be able to maintain that momentum in 12 months time.\u201d<\/p>\n<p> Kraft Plan Opposed<\/p>\n<p class=\"indent\">     Spokesman Trevor Datson declined to comment before the release of the preliminary figures.<\/p>\n<p class=\"indent\"> Cadbury shares briefly fell below the value of the cash- and-stock bid for the first time last week after Kraft\u2019s biggest shareholder, Warren Buffett\u2019s Berkshire Hathaway Inc., went public with opposition to Kraft\u2019s plan to issue new shares to fund the offer and Nestle SA ruled itself out of bidding. Northfield, Illinois-based Kraft raised the cash component of its bid on Jan. 6 and has until Jan. 19 to boost its offer.<\/p>\n<p class=\"indent\">     Cadbury shares fell 1 penny to 777 pence at 8:27 a.m. in London trading, compared with an offer value of 764.5 pence.<\/p>\n<p class=\"indent\"> The candy maker will issue its second document to the Takeover Panel outlining its bid defense tomorrow. An updated version to include unaudited 2009 financial performance of the business will be published Jan. 14, the company has said.<\/p>\n<p>&#8211;Editors: Paul Jarvis, Celeste Perri.<\/p>\n<p><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex 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Revenue climbed 12 percent to 6 billion pounds in [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-165012","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/165012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=165012"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/165012\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=165012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=165012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=165012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}