Nelson Pelz raises Cadbury stake.
Investors Chronicle - magazine and web content, December, 2007
Trading is going well for Cadbury Schweppes, but activist investor Nelson Pelz has increased his stake Nathalie Olof-Ors
Cadbury Schweppes raised its revenue and margin guidance for 2007 after a strong performance in chocolate in the UK and strong growth in US gum. Chief executive Todd Stitzer now expects like-for like revenues to grow over his 4 to 6 per cent target.
The group said that the chocolate business is showing signs of recovery following a successful advertising campaign - featuring a drum-playing gorilla - as well as the re-launch of products such as Wispa.
Cadbury added that the demerger of its US beverages business - renamed Dr Pepper Snapple Group Inc - remains on track.
The group has also confirmed that Nelson Pelz...
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