British supermarket group Morrisons said today it would save about 400 jobs by taking over part of the collapsed Rathbones Bakeries operation for £15.5m (€22.9m).

Greencore Group has announced that it has sold off its remaining UK bread activities, which trade as Rathbones Bakeries, to Finedon Mill for €30m. Rathbones is a private label bakery supplier operating eight bakeries in England and Wales.