Campbell Soup Company is expected to announce this week the outcome of an auction for its UK and Ireland business.

Reports suggest that Premier Foods, RHM, Lion Capital, Doughty Hanson and Bain Capital are all interested in the business, which includes brands such as Oxo, Homepride and Batchelors.

Campbell Soup Company said in March this year that it was exploring strategic alternatives, including possible divestiture, following a review of its international portfolio.