Cadbury Schweppes looks to Australia

Professional Adviser
clock

Sydney, 16 May (Bloomberg) ' Cadbury Schweppes, the fourth-biggest candy maker, is backing trial coc...

Sydney, 16 May (Bloomberg) ' Cadbury Schweppes, the fourth-biggest candy maker, is backing trial cocoa plantations in northern Australia amid concerns of a global shortage of the main ingredient of chocolate. The Australian government wants to establish a domestic cocoa industry to reduce imports, while Cadbury, which along with local units of Nestlé and Mars get most of their cocoa from Africa, wants to secure reliable long-term supplies. 'There is some concern that in five to 10 years' time, we may have trouble meeting demand (because of) political instability, ageing plantations, (...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •