Why Britain needs to let Cadbury's go

The sale of Cadbury's to Kraft has left many ruing the loss of a good British company to a foreign competitor. But that's business. And it's this spirit of entrepreneurship that we need to get the economy out of debt and growing again, says John Stepek.

After a long draw-out bid battle, it looks as though everyone's new favourite company, Cadbury's, will end up in American hands.

The company has recommended a bid from US conglomerate Kraft (for the details, see the market update below).

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.