This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6171239.stm
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Cadbury salmonella bill hits £30m | Cadbury salmonella bill hits £30m |
(about 2 hours later) | |
Confectionery giant Cadbury Schweppes has raised the estimated cost of a salmonella outbreak earlier this year at one of its plants from £20m to £30m. | Confectionery giant Cadbury Schweppes has raised the estimated cost of a salmonella outbreak earlier this year at one of its plants from £20m to £30m. |
A salmonella scare in June forced the company to take more than a million chocolate bars off UK shelves. | A salmonella scare in June forced the company to take more than a million chocolate bars off UK shelves. |
Cadbury said 2006 had seen strong sales across most of its businesses, offset by problems in the UK and Nigeria. | Cadbury said 2006 had seen strong sales across most of its businesses, offset by problems in the UK and Nigeria. |
It said there had been a "significant" overstatement of finances at its 50%-owned subsidiary, Cadbury Nigeria. | It said there had been a "significant" overstatement of finances at its 50%-owned subsidiary, Cadbury Nigeria. |
Cadbury Nigeria is now set to report operating losses of £5m-£10m in 2006 and make a one-off exceptional charge of £55m-£60m to cover the overstatement. | Cadbury Nigeria is now set to report operating losses of £5m-£10m in 2006 and make a one-off exceptional charge of £55m-£60m to cover the overstatement. |
Health scare | Health scare |
In a trading update, Cadbury Schweppes said its sales performance for 2006 was set to meet previous guidance, which estimated revenue growth of 4%. | In a trading update, Cadbury Schweppes said its sales performance for 2006 was set to meet previous guidance, which estimated revenue growth of 4%. |
Cadbury's UK business suffered a blow when it withdrew a million bars of chocolate from sale in June after a pipe at its plant in Marlbrook, Herefordshire, caused salmonella contamination. | Cadbury's UK business suffered a blow when it withdrew a million bars of chocolate from sale in June after a pipe at its plant in Marlbrook, Herefordshire, caused salmonella contamination. |
The company had previously estimated that this would cost the firm £20m, but said it had raised this to £30m "reflecting higher manufacturing and facility rectification and remediation costs". | The company had previously estimated that this would cost the firm £20m, but said it had raised this to £30m "reflecting higher manufacturing and facility rectification and remediation costs". |
However, it noted that sales in the UK were improving in the run-up to Christmas, with recently-launched products such as Cadbury Melts and Flake Dark performing well. | However, it noted that sales in the UK were improving in the run-up to Christmas, with recently-launched products such as Cadbury Melts and Flake Dark performing well. |
Previous version
1
Next version