BRITAIN’S Takeover Panel yesterday set a June 29 deadline for a consortium headed by Constellation Brands to make a rival offer for spirits group Allied Domecq which has already agreed to be taken over by France’s Pernod Ricard.

DRINKS and snack food group C&C says its Bulmers and Magners cider brands will be the main drivers of profit growth.

THE world’s largest wine company, Constellation Brands, said yesterday it was considering a possible counter bid for Allied Domecq , which agreed to be taken over by Pernod Ricard last week.

The takeover of Allied Domecq will see a number of the most historic scotch whiskies coming under French ownership.

Drinks giant Pernod Ricard should be ready to serve up a £7.4bn (€10.8bn) takeover deal for rival Allied Domecq later this week, reports indicated today.

A potential takeover offer for drinks giant Allied Domecq today helped the FTSE 100 Index to bed in above the 4900 barrier.

Drinks giant Allied Domecq today confirmed it was the subject of takeover interest from rival French group Pernod Ricard, which counts Midleton, Jameson, Powers and Bushmills whiskeys among its brands.

The management team of a whisky distillers has pulled off Scotland biggest ever management buy-out.