McVitie’s and Jacob’s owner United Biscuits agreed today to a £1.6bn (€2.4bn) takeover by a consortium made up of two private equity firms.

McVitie’s and Jacob’s owner United Biscuits agreed today to a £1.6bn (€2.4bn) takeover by two private equity firms.

Two of the brands rescued from crisp maker Golden Wonder were sold on to the owner of Hula Hoops and KP nuts today.