Nelson Peltz, the activist investor who called for Cadbury Schweppes' confectionery and beverages operations to be split, has acquired a 3% stake in Kraft Foods.

Peltz has requested talks with Kraft and wants the company to focus on only its most successful products, according to reports in the Independent.

He also wants Kraft to increases its share buy-back programme and expand overseas sales of its pizza and frozen food businesses, add reports in the Daily Telegraph.