Lloyds Share News (LLOY)

London's top stocks are expected to open around 50 points higher on a relatively busy Monday morning on the company news front.Dairy Milk and Crème Egg maker Cadbury today recommended shareholders reject the bid from processed foods maker Kraft Food, which it says substantially undervalues the company. The UK confectionary giant said Kraft's offer fails to recognise the value of the group's performance to date and the benefits of completing its 'Vision into Action' plan set out in June 2007.Lloyds Banking has received overwhelming backing from investors for its £13.5bn cash call with a take-up of over 95% of the shares on offer. Analysts had expected a strong positive response as the shares were offered on a 1.34 for 1 basis at 37p each, compared to the ex-rights closing price on Friday of 56p.British Airways has provisionally agreed on the actuarial basis to calculate the deficit in its pension schemes with the trustees, putting the shortfall in the New Airways Pension Scheme at £2.7bn. "The airline and trustees will now work together to develop a recovery plan, a process which will involve the company consulting with employees and their trade unions," BA said Monday.Hotel, pub and coffee shop group Whitbread expects results for the current year will 'somewhat exceed the top end of market estimates' as sales rallied in the third quarter. Revenues moved forward again in the three months to end November, with total sales up 6.7% and like for like sales rising by 0.3%. In the 39 weeks of the year to date, total sales are up 4.3% and like for like sales down 1.7%.Distribution and outsourcing firm Bunzl has increased revenue by 11% this year so far thanks to currency exchange rates and remains on course to meet full year expectations. The UK blue chip said underlying revenue for the year to 31 December 2009 is down 1% at constant exchange rates, although that's a little better than the growth rate in the first half of 2009.