The Guardian speculates that the Kraft-Cadbury bid will “unleash takeover fever” – which sounds a bit like wishful thinking from M&A types. We’ll see – if the bid is successful.
That’s doubtful though, with Cadbury “cranking up the pressure” on its US suitor, according to the Financial Times, by unveiling a robust growth strategy that doesn’t involve selling the business to a bunch of Americans. The FT also takes a look at how Kraft-owned chocolate brand Terry’s “failed the test of time”.
The Independent reports that doctors in the US are calling for a ‘cola tax’ to help fight obesity among the legions of fat American kids.
This side of the Pond, the Indy says we’ve become a nation of “food voyeurs” – we like watching cookery shows but can’t even boil an egg for ourselves.
The FT returns to the Marks & Spencer leadership situation, with Sir Stuart Rose having yesterday been forced to deny his plan to stay on as chairman was putting off potential candidates for the chief executive role. It’s all getting a bit embarrassing now.
In a sign that Christmas is fast approaching, there’s an early story about how a retailer is preparing for Christmas too early. This time it’s Tesco that has “annoyed shoppers” – according to the Mirror – by selling festive mince pies with an October best-before date. The fiends!
And in really horrifying news, the Daily Telegraph attempts to get indignant at the revelation that Heinz apparently puts fewer beans in its cans in Germany than in the UK.
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