Home Retail Cadbury raises margin

    Cadbury raises margin


    Plc, the U.K. confectioner seeking to fend off a bid approach from , raised its full-year profitability and revenue forecasts as recovering economies from the U.S. to Europe boosted chewing gum sales.

    CVC widens probe in excise duty evasion by Cadbury
    The CVC is looking into the role of Central and State Government officials who might have facilitated the alleged evasion

    Third-quarter sales rose 7 percent from a year earlier, excluding acquisitions and currency movements, the London-based company said in a statement recently.

    That compared with growth of 4 percent in the first half and beat the 4.7 percent average estimate of eight analysts surveyed by . Cadbury increased its forecast for full-year sales growth to “around the middle” from the “lower end” of a 4 to 6 percent range, and said the underlying operating margin will widen by at least 1.35 percentage points.

    Source: Bloomeberg