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Confectionery group Cadbury Schweppes was down as it continued to suffer from last week s news that the sale of its Americas Beverages drinks business has been delayed due to the volatile debt market. The chemicals giant topped the risers after it a rejected a higher offer of 650p per share from Akzo Nobel, the Dutch group says. Akzo, which joined with German group Henkel for the new bid, said ICI considered that the offer did not reflect its full value. Away from Footsie, food group...

He said that it would be wrong for Europe to simply adopt the American restrictions, and claimed that the North Americans based their restrictions on the length of time a cigarette continued to burn while sitting on a pile of paper, and did not test whether a lit cigarette would set fire to a sofa or a bed. Smokers need to be responsible and I am sure that most smokers would be sympathetic with the aims of these, so-called safer cigarettes but, at the same time, it should not be at the...

The company s decision was the latest indication that the private equity boom may be coming to an end. Cadbury, the world s largest candy maker, extended the deadline to sell its American beverage unit, the maker of Dr Pepper and 7Up, saying that even though interest in the business remains strong it wants to allow bidders to complete their proposals against a more stable debt financing market. Cadbury, the world s largest candy maker, extended the deadline to sell its American beverage...