Northern Foods is one of several companies to have recently focused on buy-backs as a way of enhancing earnings.
The Reinmann family has cut its share in consumer goods giant Reckitt Benckiser to 15% by selling £353m worth of shares.
The move completes the sale of 60 million shares by the Reinmanns, which started in February when they disposed of 25 million shares.
Mumtaz Food Industries - a supplier of curries to the likes of Tesco and Asda - has managed to hold on to one of its key chefs after he won a High Court battle to stay in Britain.
The Home Office had threatened to depot Tasawar Ali after his estranged wife reported him to the authorities for having overstayed his visa.