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Cadbury-Schweppes Press Releases |
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12th December, 2003
CADBURY SCHWEPPES SEVENTH MOST ADMIRED COMPANY
CADBURY SCHWEPPES SEVENTH MOST ADMIRED COMPANY
12 Dec 03
For the sixth year in a row, Cadbury Schweppes has been rated one of Management Today's top 10 Most Admired Companies in Britain ...
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5th December, 2003
CADBURY SCHWEPPES UK CONFECTIONERY INVESTMENT
CADBURY SCHWEPPES UK CONFECTIONERY INVESTMENT
05 Dec 03
Cadbury Schweppes today announced a programme for further efficiency and productivity improvements at its Cadbury Trebor Bassett manufacturing sites in Bournville and Somerdale.
More than £30m has already been invested at Bournville and Somerdale over the past two years and the next two years will see further investment in new technology and skills development.
The improved technology and more flexible working that the skills development will enable means that Cadbury Trebor Bassett will be looking to reduce its UK workforce by around 480 employees over the next two years ...
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27th November, 2003
CADBURY SCHWEPPES GIVES EVIDENCE TO UK SELECT COMMITTEE ON OBESITY
CADBURY SCHWEPPES GIVES EVIDENCE TO UK SELECT COMMITTEE ON OBESITY
27 Nov 03
Cadbury Schweppes' evidence to the Health Select Committee was presented today and described the clearly understood role that confectionery plays in people's lives against a backdrop of declining activity levels and changing eating patterns. The following summarises the company's contribution to the debate.
Mr Andrew Cosslett, Regional MD of Cadbury Schweppes explained, "There is no direct correlation between confectionery and the recent rise in obesity levels ...
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21st November, 2003
DAVID KAPPLER, CFO RECEIVED CIMA LIFETIME RECOGNITION AWARD
DAVID KAPPLER, CFO RECEIVED CIMA LIFETIME RECOGNITION AWARD
21 Nov 03
The Chartered Institute of Management Accountants (CIMA) last week awarded David Kappler, Chief Financial Officer, Cadbury Schweppes plc, a lifetime recognition award for 30 years of outstanding contribution to management accounting ...
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27th October, 2003
CADBURY SCHWEPPES 2003 INVESTOR SEMINAR
CADBURY SCHWEPPES 2003 INVESTOR SEMINAR
27 Oct 03
Cadbury Schweppes is holding an investor seminar in London on 27th October and in New York on 28th October to review the Group's strategy, goals and priorities for the period 2004-2007 ...
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24th October, 2003
CADBURY ADAMS RESTRUCTURES IN BRAZIL TO SUPPORT GROWTH PLANS
CADBURY ADAMS RESTRUCTURES IN BRAZIL TO SUPPORT GROWTH PLANS
24 Oct 03
Cadbury Schweppes' Brazilian subsidiary, Cadbury Adams, today announced the consolidation of its chewing gum production and packaging in Brazil, from manufacturing plants in Avenida do Estado, São Paulo and Cumbica, Guarulhos to its manufacturing plant in Bauru. Avenida do Estado will be closed and, additionally, the chewing gum packaging line presently operating in Cumbica will transfer to Bauru.
The transition will be completed by July 2004. While it is not yet known how many employees will be affected, since a number will have the possibility of transferring to Bauru, the company believes in total the consolidation will result in a reduction of around 100 jobs.
Cadbury Adams Brazil has 2,200 employees producing, marketing and selling Halls and Vita-C drops, as well as chewing gum brands such as Trident, Ping Pong Ploc, Bubbaloo, Clorets and Freshen-up, and the traditional Chiclets chewing gum ...
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23rd July, 2003
CADBURY SCHWEPPES REPORTS FIRST HALF PERFORMANCE IN LINE WITH EXPECTATIONS
CADBURY SCHWEPPES REPORTS FIRST HALF PERFORMANCE IN LINE WITH EXPECTATIONS
23 Jul 03
Cadbury Schweppes plc reports on financial performance for the 24 weeks ended 15 June 2003:
% growth
% growth
2003
2002
Reported
Constant Currency
Sales
£m
2,700
2,354
+15
+18
Underlying Operating Profit*
£m
436
429
+2
+8
- Goodwill amortisation
£m
(44)
(25)
- Restructuring
£m
(26)
(17)
Total Operating Profit
£m
366
387
-5
+1
Underlying Profit Before Tax**
£m
365
386
-5
+1
Profit Before Tax
£m
294
349
-16
-9
Underlying EPS
P
12.4
12.9
-4
+2
Basic EPS
P
9.2
11.3
-19
-9
Dividends per share
P
3.65
3.50
+4
N/a
* Includes associates** Underlying profit before tax and earnings per share (EPS) includes associates, excludes goodwill amortisation, major restructuring charges and disposal gains/losses (see notes 7 and 8 page 16 for a reconciliation to profit before tax and earnings per share)
2003 Interim Highlights
Underlying EPS up 2% at constant currency
Excluding acquisitions, base business grew underlying EPS by 5%
Continued strong growth from Cadbury Trebor Bassett
Americas Beverages sales up 2% and profits up 5% at constant currency
Asia Pacific profits down, due to shortfalls in Australia
Overall, Adams performance in line with acquisition plan
New organisational structure in place and planning for future growth
Todd Stitzer, CEO of Cadbury Schweppes, said, "I am pleased to report reasonable first half results in line with expectations, against a background of weak trading conditions in many markets. Underlying EPS from our base businesses is up 5%, driven by another strong performance from our confectionery businesses in Europe, Africa and the Middle East ...
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10th June, 2003
CADBURY SCHWEPPES 2003 INTERIM TRADING UPDATE
CADBURY SCHWEPPES 2003 INTERIM TRADING UPDATE
10 Jun 03
Cadbury Schweppes plc issues regular trading updates ahead of its interim and preliminary results. Today's update comments on year-to-date performance in 2003: the interim results for 2003 will be announced on 23 July 2003.
Todd Stitzer, Cadbury Schweppes' CEO said, "Overall revenue and earnings in our base business have made reasonable progress in constant currency against a background of weak trading conditions in the first half ...
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13th May, 2003
JOHN SUNDERLAND, CHAIRMAN OF CADBURY SCHWEPPES PLC ANNOUNCED AS DEPUTY PRESIDENT OF THE CBI
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8th May, 2003
CADBURY SCHWEPPES 2003 AGM STATEMENT
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