Cadbury Schweppes today distanced itself from reports that it was preparing to sell its drinks unit that makes Orangina and Oasis.

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).

Confectionery group Cadbury Schweppes today stuck by its financial goals despite a likely fall in profits at its European drinks business.