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

SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read
Fahad Hassan: Progress on many fronts

Fahad Hassan: Progress on many fronts

'Financial markets are increasingly pricing in a more benign inflation environment ahead'

Fahad Hassan
clock 01 July 2026 • 5 min read