Morning Markets: FTSE boosted by Cadbury bid

clock •

The FTSE 100 is being spurred forwards by Cadbury this morning on news the British chocolate maker has received a £10.2bn takeover approach from US goods giant Kraft.

After just over an hour of trading, the blue-chip index was up 52.94 points (1.09%) to 4904.64, while Cadbury – which has rejected the merger proposal – has soared 38.03% to 784p. Food and consumer goods providers Unilever and Premier Foods have also enjoyed gains of 2.96% to 1670p and 8.72% to 46.51p respectively. Meanwhile, Associated British Foods has climbed 3.51% to 840.5 points following strong trading so far in this half of the year and the forecast of an improvement in adjusted earnings over the full year. In Tokyo, the Nikkei 225 finished today’s trading up 133.83 points (...

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 Investment

Darius McDermott: Asia's broadening investment story

Darius McDermott: Asia's broadening investment story

Fund managers have a dilemma

Darius McDermott
clock 21 October 2026 • 5 min read
China's historic move away from coal shows why investors need to keep digging

China's historic move away from coal shows why investors need to keep digging

'A key challenge for investors is to identify the pockets of genuine innovation'

Xin-Yao Ng
clock 19 October 2026 • 4 min read
Investors yet to stuff ISA allowances as government plays down spectacle despite 'tough' Budget

Investors yet to stuff ISA allowances as government plays down spectacle despite 'tough' Budget

Platform activity stable

Jack Roach
clock 19 October 2026 • 4 min read