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BRITISH confectionery and soft drinks group Cadbury Schweppes Plc today reported a six per cent rise in underlying 1998 profits and said it was confident of further growth this year.
It is planning to sell a large chunk of its beverages business to Coca Cola for GBP 1.1 billion, but says that should sharpen its focus and allow it to make other acquisitions.
The group reported underlying 1998 pre-tax profits up to GBP 609 million, up from GBP 575m in 1997, and said that the underlying pre- tax rise was 11 per cent if currency variations were ignored.
Turnover in the 52 weeks to January 2...