China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Cadbury says does not need to do a big deal
LONDON (Reuters) - British confectionery group Cadbury Plc (CBRY.L) said it doesn't not have to do a big takeover deal despite continuing market talk it is looking at a linkup with U.S. chocolate maker Hershey Co (HSY.N).
"We don't feel we have to do a deal," Chief Executive Todd Stitzer said on a conference call on Thursday after issuing a trading statement towards the end of its half year.
Some analysts expect Cadbury to do some kind of a deal with Hershey, especially as competition is set to increase in the confectionery world after U.S. privately owned Mars agreed to buy Wrigley WWY.N in a $23 billion deal in April.
(Reporting by David Jones; editing by Sue Thoams)
