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Reckitt Benckiser sells food business to McCormick

The US owner of Schwartz herbs and spices has won the battle to acquire Reckitt Benckiser’s food business in a deal worth $4.2bn (£3.2bn).McCormick & Co saw off competition from consumer giant Unilever and Hormel Foods, the US owner of Spam, to buy the division.It includes French’s mustard as …

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Trump and Putin had another, undisclosed conversation at G20

Media playback is unsupported on your device US President Donald Trump and his Russian counterpart, Vladimir Putin, had another, previously undisclosed conversation at this month’s G20, the White House has confirmed.They spoke towards the end of a formal dinner but the White House has not revealed what was discussed.President …

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Durex owner sells food business for £3.2bn

Reckitt Benckiser, the FTSE 100 company behind Durex and Nurofen, has agreed the sale of its food business to a US firm for £3.2bn. French’s Food, which includes the French’s mustard, Frank’s RedHot and Cattlemen’s brands, was sold to McCormick & Company following a strategic review of the business, …

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McDonald's Multi-Unit Franchisee Grew Up in Company

Stephanie Rawden, a multi-unit McDonald’s franchise owner based in Pennsylvania, grew up in the McDonald’s business. Her father, aunt and uncle all owned separate McDonald’s locations, and now Stephanie owns multiple locations, partnering on the parent company with her brother, who owns his own Mickey D restaurants, according to …

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Audi advert criticised in China for being sexist

Audi has been criticised for an advert in China, which thousands of internet users have branded sexist.The ad compares buying a car to finding a wife, saying “an important decision must be made carefully”.It shows a woman having her nose, ears and teeth inspected by her mother-in-law on her …

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Fall in income inequality 'since recession'

Falling incomes for top earners and rising employment have helped narrow inequality, though some UK regions are being left behind, according to the Institute for Fiscal Studies (IFS). The independent research institute’s annual report on living standards, poverty and inequality – which is based largely on official figures covering …

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