Opposition Labour leader Ed Miliband attacked UK prime minister David Cameron for acting as a "cheerleader" for Pfizer’s bid for London-based AstraZeneca.

Cadbury today backed a higher £11.5bn (€13.14bn) recommended takeover offer from its US suitor Kraft Foods.

US giant Kraft Foods has made a £10.2bn (€11.5bn) takeover offer for British confectionery group Cadbury, it was revealed today.