City analysts have predicted that Cadbury could lose £20m in the fallout from the recall of a million of its chocolate bars. However, warmer weather and the exclusiveness of some of the affected products may prevent rival producers from picking up the shortfall.
Drinks group Diageo has said that it will beat its annual sales targets by 6% this year. In a trading statement, it added that it also expected operating profit to increase by 7%.
RHM profits up
Food manufacturer RHM has reported a 17.8% increase in full-year pre-tax profit before restructuring costs to 29 April to £131.9m, on sales up 2.1% at £1.56bn.