Cadbury warns of rising costs

Cadbury Schweppes today said it would look to increase prices after warning that commodity costs were likely to be 5% to 6% higher in 2008.

The warning came as the confectionery giant posted pre-tax profits of £670m (€888m) for last year, down on £738m (€978m) seen in 2006 after it booked additional charges for restructuring the business.