Chilled food and fresh juice maker S Daniels has confirmed it is in talks with a potential buyer, but declined to comment on speculation that the bidder is Singapore Food Industries, its biggest stakeholder. The Asian firm invested more than £10m to take a 29.7% holding in S Daniels last autumn, putting the business on a firmer financial footing after a disastrous year dogged by operational problems and a slump in demand from catering outlets. Although things had improved in the first half, the company conceded demand remained weak in the foodservice sector and overall volumes were "disappointing". Best known for its New Covent Garden Soup and Johnson's brands, Daniels also makes coffee, salad and sandwich fillings for the retail and foodservice markets. Pre-tax profit for the six months to June 30 slumped 36% to £320,000 on sales down 4% to £25.82m. {{NEWS }}