Buffett attacks Kraft's £11.9bn takeover of Cadbury - papers

KRAFT'S largest shareholder, Warren Buffett, condemned the company's proposed £11.9bn takeover of Cadbury as a "bad deal" yesterday, saying he felt "poor" as a result, reports The Independent.

The billionaire investor, whose Berkshire Hathaway group holds 9.4% of Kraft, has been consistently critical throughout Kraft's courting of Cadbury. Read more THE HEAD of Britain's biggest bank HSBC has criticised the Government's handling of the economy and called for austerity to get the country back on track, reports The Times. The backlash against bankers by politicians and the media had been inappropriately severe and was leading to an exodus of talent from Britain to more lenient countries, such as Switzerland, Mike Geoghegan, chief executive of HSBC, said. Geoghegan attacked...