The troubled company behind Mr Kipling and Branston pickle today said it had been given extra breathing space by its banks to get its finances in order.

Typhoo tea could be set to change hands for up to £100m (€150m) after being put up for sale by its owner, a report said today.

Strong sales of Branston Pickle and Typhoo Tea helped City newcomer Premier Foods to unwrap a healthy set of maiden results today.