Sugar rush

Who said too much chocolate makes you sluggish? Cadbury Schweppes, the UK confectionery giant, revealed plans to demerge its US drinks unit on Thursday - just two days after activist shareholder Nelson Peltz popped up with a 3% stake. Cadbury was already planning to announce a split in June, say people familiar with the situation. But pushing the button now is a wise defence. Separating the businesses isn’t likely to release tonnes of value. The drinks unit could be worth £7.5bn to a private equ...