Lucozade and Ribena set for £1bn takeover

Soft drinks brands Lucozade and Ribena could be bought by Japan’s Suntory Beverage & Food within days in a deal worth more than £1bn.

Suntory, which also owns Orangina Schweppes, is believed to be in advanced talks to buy the brands, after owner GlaxoSmithKline put them on the block earlier this year.