One of India’s largest tea producers today acquired the Typhoo brand in a deal worth £80m (€116m).

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.

Soft drinks group Britvic is to float on the stock market this autumn with a value of up to €1.1 billion, according to weekend reports.