LONDON, Dec 18 (Reuters) – Cadbury <CBRY.L> is worried about
the growing stakes being built by arbitrageurs looking to make a
profit as the group’s shares rise in the run-up to a takeover,
its finance chief has told investors.

Chief Financial Officer Andrew Bonfield has expressed
concerns that such investors might tip the balance away from the
British chocolate company in its attempt to stay independent
from hostile bidder Kraft <KFT.N> or extract a higher price,
according to one large shareholder present at a meeting with UK
investors on Thursday.

LONDON (Reuters) – Aberdeen Asset Management <ADN.L>, the acquisitive UK fund manager, predicted a fresh round of consolidations in the sector next year and said it has its eyes leveled at the fund of hedge funds sector.

The company also said on Monday that net withdrawals of client money had slowed sharply in the second half-year, as rebounding markets and better fund performance sparked “dramatic” inflows into equity products.

LONDON, Nov 26 (Reuters) – Large shareholders in Britain are
bracing for rules urging more engagement with bank boards to be
rolled out across all industries as calls mount for investors to
shoulder more responsibility for how well companies are run.

Just days after city of London grandee David Walker outlined
39 steps to better pay and practices in a banking industry that
pitched the country into recession and debt, peer Christopher
Hogg will review corporate governance of all listed companies.