THE INDEPENDENT: Roger Carr, the tycoon who saw through the sale of the 200-year-old British company Cadbury to the US multinational Kraft in February, has been knighted for services to industry in today's New Year Honours list.Sir Roger was praised by the City for getting a good deal for shareholders when the Cadbury sale went through in February. Since then Kraft has announced that it is moving the firm's headquarters to Switzerland to avoid UK tax, at a probable cost of thousands of UK jobs.
The award is doubly controversial because Sir Roger also chairs Centrica, the parent company of British Gas, which recently announced a 7 per cent price hike. Soon after that announcement, Centrica raised its full year profit forecast to more than £2.2bn. The regulator, Ofgem, is holding an inquiry into whether major energy companies are "lining their pockets". >>> Andy McSmith | Friday, December 31, 2010
