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TD Waterhouse: Cadbury takeover boosts sells Go compare with our comparison table

TD Waterhouse: Cadbury takeover boosts sells

22 January 2010 / by Andy Davies

Cadbury has become second highest sell at TD Waterhouse this week, following the news of its agreed takeover deal with US food maker Kraft.

The Bourneville-based confectioner accounted for 19 per cent of this week's top ten sells after its share price increased by 45p to 836p over past seven days.

Commenting on the takeover, Angus Rigby, chief executive officer at TD Waterhouse said: "After months of wrangling Cadbury finally succumbed to an £11.9 billion deal during the early hours of Tuesday – worth 850p to its shareholders."

As a result of the high volume of sells in Cadbury, the overall top ten buys were only 10 per cent ahead of sells this week – down from 24 per cent last week.

The mining sector accounted for a large proportion of the top ten buys – 42 per cent, as the price of crude oil climbed above $79 a barrel.

Desire Petroleum in particular performed well, accounting for 28 per cent of all the top ten mining buys.

Meanwhile, the financial sector remains the most popular with buyers as the Royal Bank of Scotland traded places with Lloyds Banking Group to be the top buy this week, while Barclays slipped one place to fourth.

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