Premier Foods has reportedly put its tea brand Typhoo up for sale with a £100m price tag.

Weekend reports said Premier has appointed Icelandic investment bank Islandbanki to handle the sale, which has already sparked interest from potential bidders.

Last month the group bought the meat-substitute brand Quorn from Marlow Foods for £172m.

Meanwhile, leading food groups have set up a food safety watchdog in an effort to stop contaminated food from entering the food chain.

The group, which is industry-funded, will be lead by Robert Schofield, chief executive of Premier Foods, and has the backing of Northern Foods and Uniq.