Icelandic retailer Baugur this week increased its stake in Somerfield from 2.95% to 3.6%.
A spokesman said its strategy remains to steadily broaden its portfolio of investments in undervalued UK retailers.

mcbride stronger
Supplier of own-label household goods to supermarkets, McBride, said trading in the second half has strengthened through improved margins and sales growth in the UK and Europe.
McBride, which supplies every retailer in Europe, was voted by retailers as Best Own Label Supplier to the UK grocery trade in The Grocer Gold Awards.

Historic' deal
National Farmers' Union president Sir Ben Gill has welcomed this week's "historic" deal to reform the Common Agricultural Policy. However, he said a great deal of detail still needed to be resolved ­ and quickly.

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