Cadbury Schweppes posts 1% profits rise

Confectionery group Cadbury Schweppes today said it expected a better year for its European soft drinks division as it posted a 1% rise in profits to £933m (€1.3bn).

The company, which was hit by the poor weather last summer, said a successful year for its sweets and chocolates business helped it meet its financial goals during the year to January 2.