Financial News
August 2006
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Tuesday August 1, 2006
Cadbury-Schweppes, which recalled some
chocolate products after discovering
traces
of salmonella, may
lose as much as
£40m ($75m) in profit this year because of
lower sales
and costs linked to the
outbreak,
according to analysts
Wednesday August 2, 2006
South Korea's leading confectionery
maker Lotte has bought a Shanghai-based
chocolate company, as it
seeks to expand
in the fast-growing Chinese market
New opportunities for health-focussed
products in the confectionery industry
have
bolstered the market,
which is
estimated to increase by 16 per cent in
the next four
years to more than €115bn
Thursday August 3, 2006
A UK product recall due to Salmonella
contamination could cost £20m (€29.3m)
and
perhaps more, Cadbury
Schweppes
said yesterday.
Global confectionery maker Cadbury
Schweppes has opened its first R&D
centre in
south-east Asia, as it
seeks to
drive growth in emerging markets like
China, Malaysia,
Thailand and Indonesia.