Cadbury owner boosted

THE US owner of chocolate maker Cadbury made a £751m profit in the three months to September 30 – up 81pc on a year earlier.

Mondelez International slashed costs to boost its earnings in a slow market for sales, and was also helped by currency movements. The firm – once called Kraft Foods – bought Cadbury for £11.5bn in 2010, then sparked fury by shutting a key UK factory.

Chief executive and chairman Irene Rosenfeld said: ‘We are making good progress. We remain confident in our ability to deliver long-term, sustainable growth.’