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Mandelson wades in to Cadbury takeover battle
The business secretary has intervened in the battle for control of Cadbury, the UK chocolate maker, warning Kraft against “asset-stripping”
Housebuilders hopeful of pick-up
Berkeley and Bellway, two of the UK’s largest housebuilders, saw signs of a pick-up in activity as reservations rose and falling land prices encouraged them to purchase new plots
Candover abandons €3bn buy-out fund
Move underlines grim outlook for big buy-out groups that once dominated the M&A market but are now struggling to do deals and cope with losses
M&B board wins investor’s backing in feud
Standard Life, which has a 2.8% stake in Mitchells & Butlers, issues a statement in support of the pub operator’s board in its public feud with Joe Lewis, its biggest shareholder
Max seeks more investments as supply rises
The property company managed by veteran investor Nick Leslau expects soon to make further investments as more properties are put on the market towards Christmas and in the new year
UK real estate defaults double to £30bn
The value of UK commercial real estate debt in default or in breach of key lending agreements more than doubled to about £30bn in the first six months of the year
Kraft set to spell out its bid for Cadbury
Kraft is expected to release the offer documents for its £9.8bn hostile bid for the confectioner, reiterating the cash and stock terms it proposed last month
RBS sounds retreat on big bonuses
The bank has signalled that it will succumb to pressure to pay its high-flying investment bankers substantially less than rival institutions
Tories hit at decline of manufacturing
A political row over the decline of British manufacturing has broken out, as industry steps up its lobbying for tax breaks to support the sector in next week’s pre-Budget report
Marston’s cautious despite sales rise
Sales at the brewer’s managed pubs rose 3.1% over the past eight weeks but it maintains a cautious outlook amid the impending VAT rise and continued high unemployment
Related content and features
Video: UK Daily View
- Dec 4: Darling to defer budget cuts
- Dec 2: Yorkshire agrees Chelsea takeover
- Dec 1: Ofcom may let BT lift charges to cut deficit
- Nov 30: M&B calls in takeover panel
- Nov 27: Darling gets growth forecasts wrong
- Nov 26: Greater bank pay disclosure urged
- Nov 25: Banks win on overdraft charges
- Nov 24: Lloyds launches mammoth cash-call
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