The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Whitbread hires ex-Boots boss as sales slide - Whitbread has hired Richard Baker, the former chief executive of Boots, as a non-executive director, sparking speculation he may succeed John Parker as boss.
The company announced Mr Baker’s appointment as it revealed a 2.6 per cent fall in like-for-like sales during the first half of the year, following a steep 7.7 per cent slide in revenue at Premier Inn, the budget hotel chain. (full story)
Cadbury shares soar after £10.2bn takeover approach from Toblerone maker Kraft Foods - Cadbury, the company behind Dairy Milk, has rejected a £10.2bn takeover offer from Toblerone-maker Kraft Foods, which the US company says would create jobs in Britain.
Shares in Cadbury soared more than 30pc after the surprise statement from Kraft this morning. The American company said that it had approached the board of Cadbury's with an offer to pay 745p a share, split between 300p in cash and 0.2589 of Kraft's shares for each of Cadbury's. (full story)
Rivals 'in battle for T-Mobile' - Vodafone and O2 have both tabled bids of about £3.5bn to buy T-Mobile UK from owner Deutsche Telecom, the Sunday Times has reported.
The report says a decision was likely to be made within weeks. (full story)
Discount web vouchers prove big hit - Recession-scarred consumers are embracing a thrifty habit that is likely to outlast any economic recovery: the use of online discount vouchers to save money on retail, food and other purchases. (full story)
AB Foods ups forecast on strong Primark - Associated British Foods (ABF.L) nudged up its full-year earnings forecast on Monday thanks to a strong performance at its Primark discount fashion chain and its sugar business.
The London-based group, 55-percent-owned by the family of Chief Executive George Weston, said it now expected "some progress" in adjusted earnings for the year ending September 12, compared with its previous forecast for a flat outcome. (full story)
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