City Snapshot: Valeo Foods set to buy Dip-Dab maker Tangerine in £100m-plus deal

The owner of Fox’s mints is reportedly set to buy Tangerine, the maker of classic sweets including Dip-Dab and Blackjacks, in a £100m-plus deal. Plus, sources close to Poundworld’s administrators have advised caution over reports today that 50 branches of the discounter chain have been saved and the rest of the latest news from the City.