Finance Links

Kraft’s chief executive, Irene Rosenfeld, has dodged a grilling by MPs over
her company’s £11.9bn takeover of Cadbury earlier this year.

Kraft and its City advisers face a Takeover Panel investigation after claims
that it broke a “promise” to keep open Cadbury’s Somerdale
factory.

Breaking pre-market news on Monday,

- Royal Dutch Shell and PetroChina make $3.4bn offer for Arrow Energy – statement.

- Prudential to seek secondary listing on Hong Kong stock exchange –…

Lord Mandelson looked impotent as he flapped around trying to influence the
outcome of Kraft Foods’ bid for Cadbury, so it is hardly surprising that
Britain’s business secretary is now looking for revenge.

Lord Mandelson has called for five specific changes to the rules that govern
Britain’s bid battles just days after the Takeover Panel announced a review.

We mused last week on what suggested reforms the First Secretary of State for Business, Innovation and Skills might have made to the UK’s Takeover Panel.

And now we know,…

The insider dealing trial of Michael “Streaky” Calvert continues at
the High Court with, by most accounts his defence putting a strong case in
his favour.

Rules governing takeovers of British companies could be toughened following the launch of a consultation by the Takeover Panel on the code governing M&A deals. The move follows…

The rules that govern Britain’s takeover battles are to be overhauled after
being criticised as “not fit for purpose” during the controversial
acquisition of Cadbury by Kraft.

George Osborne’s 2010 Mais Lecture on Wednesday may not prove as memorable as
Nigel Lawson’s 1984 monetarist blueprint, but it was significant in
preparing us for what to expect should the Tories win the election.