David Cumming, head of UK equities at Cadbury shareholder Standard Life, said that he would be backing the takeover.

“I won’t go against the view of Cadbury’s management,” he told the BBC.

“Kraft are getting a good deal. It’s sad that Cadbury is gone, but business is business.”

Kraft’s chairman and chief executive Irene Rosenfeld said the deal was good news for shareholders and staff. Source: BBC.

Bollocks – Job losses are”inevitability” at Cadbury after its takeover by US giant Kraft Foods, the UK firm’s chairman has confirmed to the BBC.

Good news for staff and shareholders – no it’s just good news for City Bankers and their fat bonuses and commissions.