The first point to note is that this was a defeat inflicted primarily because Lib Dem peers rebelled or abstained - their normally solid voting bloc split into 39 voting with the government, 26 against and 26 not voting.

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Much of that gain can be attributed to their recent announcement of a split up, but the company posted solid results and looks good going forward.

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Kraft, another major player in the food industry, also had a solid performance, up more than 26% as the company gears up to split up into two separate, independent entities.

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