Italian confectioner Ferrero ruled itself out of the Cadbury takeover race today after last week’s recommended £11.9 billion bid from US food giant Kraft.Read
Ferrero has walked away from a potential bid for Cadbury leaving the path open for US confectioner Hershey to create an auction for the maker of Dairy Milk.Read
Business Secretary Lord Mandelson has promised to speak out on behalf of Cadbury workers if the business is sold overseas - but warned he cannot do anything to block a sale of the Birmingham firm.Read