RHM has reported a half-year pre-tax profit of £47.7m compared with a loss of £58.3m the year before. Sales to 28 October rose 2.4% to £757.2m. On this basis, a merged Premier/RHM would record an interim pre-tax profit of £75.6m on sales of £1.2bn.
Cadbury will now have to wait until the new year to find out whether it will be prosecuted following the discovery of salmonella at its factory in Marlbrook last summer.
China stake up
Tesco has boosted its interests in China by increasing its share in the Hymall hypermarket chain, operated by Ting Cao, a joint venture with local operator Ting Hsin, from 50% to 90%. The deal is worth £180m.