It looks as if the long-running battle for control of the Birmingham-based chocolate manufacturer, Cadbury, will result in a takeover by the American conglomerate, Kraft. The Board of Cadbury are recommending acceptance of the American firm’s last takeover offer. Often institutional investors and ‘Johnny-come-latelys’ such as hedge funds (who buy into stock on the expectation of a deal) make some serious money as it is finally approved by shareholders.

Updated 12th January 2015: The takeover was the start of the end of the world as The Independent explains.