Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Sector movers: Ferrero reports sweeten Cadbury

Fri, 20th Nov 2009 14:23

Food producers are going well, including Dairy Milk chocolate maker Cadbury, which is given a lift by reports that Italy's Ferrero may be interested in taking on its gum and sweet units as part of a joint takeover with US sweet maker Hershey.Ferrero, the maker of Ferrero Rocher chocolates, is thought to have €2bn in cash available for the offer.Other risers from the sector today include cash and carry group Booker and snacks firm Glisten.Engel East Europe, which develops flats, offices and other properties in the region, is leading the real estate lower after saying its cash position deteriorated over the third quarter due to delays in sales and projects in the Czech Republic, Poland, Serbia and Bulgaria.'Although the Directors are hopeful that these financial difficulties will be resolved by the end of the first quarter of 2010, they consider that [the delays] indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern,' it said.Top performing sectors so far todayChemicals 4,539.67 +0.92%Food Producers & Processors 4,647.69 +0.77%Industrial Metals 4,788.98 +0.75%Life Insurance 3,947.30 +0.68%Forestry & Paper 3,535.16 +0.58%Bottom performing sectors so far todayAutomobiles & Parts 2,534.46 -2.52%Real Estate 2,053.16 -2.35%Industrial Transportation 1,960.13 -2.32%Construction & Materials 3,357.26 -2.09%Technology Hardware & Equipment 330.18 -1.33%

Related Shares

More News
5 Mar 2018 10:51

BUZZ-Top of the Street: Deutsche Telekom, UK Grocers, IMI, Segro, ProSieben

A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Top-ranked Barclays downgrades Deutsche Telekom to "equal se...

5 Mar 2018 10:34

Miners, energy stocks help FTSE up from 14-month low

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.5 pct * Miners, energy stocks rise * Tesco leads supermarkets...

5 Mar 2018 08:27

UPDATE 1-Tesco completes $5.5 bln takeover of Booker?

* Booker shares de-listed * Integration of Tesco and Booker to begin * Takeover approved by court on Friday * Investors backed deal on Wednesday (Adds...

5 Mar 2018 07:20

Tesco completes $5.5 bln takeover of Booker?

LONDON, March 5 (Reuters) - Tesco, Britain's biggest retailer, has completed the 4 billion pound ($5.51 billion) takeover of Booker, on

28 Feb 2018 12:26

Booker shareholders back Tesco takeover at general meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.