CORRECTED - PRESS DIGEST - British business press - Nov 7

(Corrects third item to make clear Allen & Overy reported a fall in revenues, not a loss)

The Times

DYSON'S PAY CUT AS PROFITS FALL

The salary of James Dyson was slashed last year as pre-tax profits slid 4 percent at his technology firm, to 85.3 million pound in the 12 months to Dec. 31. The multimillionaire investor took the pay cut as the recession took its toll on the firm. Turnover grew 2.8 percent to 628 million pounds in the period while research and development spending was 6 percent lower at 49 million pound.

CADBURY HAS SUPPORT TO TURN DOWN HOSTILE BID

Cadbury (CBRY.L) is expected to rebuff Kraft, the U.S. based food group, if it makes a low-ball hostile bid and the bid must arrive by 5 p.m. on Monday. The company has the support of key shareholders to walk away. Legal & General, Cadbury's biggest UK shareholder with a 5.4 percent stake, said in September that it felt Kraft's opening offer was "materially undervalued". Kraft is expected to bid for Cadbury either at its initial 745p-a-share offer price or at a small premium to the closing price of 758.5p on Friday.

ALLEN & OVERY REPORTS FALL IN REVENUES AS BIG LAW FIRMS STILL FEEL ECONOMIC PINCH

Law firm Allen & Overy (A&O) reported a 7 percent fall in half-year revenues yesterday as its fee income for the half-year period to Oct. 31 fell to 511 million pounds. The fall was attributed to a slump in transactional work, the latest sign that law firms are continuing to suffer from the economic downturn. A&O is the first big firm to announce half-year results, an action which is not compulsory.

TEMPUS

Cadbury(CBRY.L) ("Takeover could spur a rebound of M&A activity in Europe")

Daily Telegraph

SALES OF QUIET FIREWORKS TAKE OFF

Tesco (TSCO.L) has reported that sales of 'quiet' fireworks have doubled compared to last year. The supermarket retailer sold 330,000 sets of the noiseless fireworks last week as consumers move away from buying louder firecracker and cherry bomb varieties in order to protect their children and pets. Separately, the online pharmacy chemistdirect.co.uk reported a large rise in sales of anti-anxiety drugs for pets. Sales of the treatments for pets scared by bangs increased 45 percent this year compared with 2008.

TATE & LYLE ENDS FINAL-SALARY PENSION

Tate & Lyle (TATE.L) announced on Friday that its final-salary pension scheme is to close to existing members. The sugar manufacturer and refiner said that around 400 staff, or approximately half of its UK workforce, will be affected by the plans and has started a consultation on the matter. The company also reported first-half profits consistent with analyst forecasts. Excluding a one-off charge to close a sucralose factory, the company's pre-tax profits fell 13 percent to 112 million pounds based on sales which increased 7.4 percent to 1.8 billion pounds.

POSTAL STRIKE DELIVER A BOOST TO RENTOKIL