Financial Times FT.com

Goldman outlook dulls appetite for Cadbury

By Bryce Elder

Published: April 9 2009 08:53 | Last updated: April 10 2009 18:58

Cadbury and Unilever were among the laggards on Thursday as sector rotation saved the FTSE 100 from registering a fifth straight fall.

The food and drinks makers retreated after Goldman Sachs advised clients to switch into more economically sensitive stocks such as industrials. Cadbury slid 3.4 per cent to 517p and Associated British Foods was down 3.3 per cent to 628½p, while Unilever fell 2.2 per cent to £13.02.

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