UK competition watchdog to investigate Kingsmill owner’s planned takeover of Hovis

CMA’s move comes as Associated British Foods, which also owns Primark, issues profit warningBusiness live – latest updatesThe UK competition watchdog has ramped up its investigation into a £75m takeover deal that will result in the owner of Kingsmill snapping up its sliced bread rival Hovis.Associated British Foods (ABF), which also owns the Primark clothing chain, confirmed plans to buy Hovis from private equity owners Endless in August, combining the UK’s second- and third-largest bread brands. Continue reading...