Shares in Cadbury Schweppes fell 8p to finish on 529p yesterday, following the company's decision to scrap its annual profit targets.

The confectionery giant said that it would maintain its sales targets for 2007 but would scrap a specific target for operating margins.

Michael Steib, an analyst at Morgan Stanley, said: “It is a sensible thing to do. Cadbury's target has been overly ambitious in the past.”