Greencore may return to Northern Foods with new offer

Shares in Northern Foods today soared 15% after its management backed a £342m (€402m) buy-out offer from the owner of the Harry Ramsden’s fish restaurants.

Ranjit Singh Boparan’s last-minute offer on Friday for the Goodfella’s Pizza and Fox’s biscuits manufacturer prompted its management to ditch a previous deal involving a merger with sandwich maker Greencore.