Westons posts strong results for 2018 For the year ending 31 March 2018, sales at the cider producer rose 5% to £64.6m, an increase of £3.8m. The company's products, now shipped to more than 40 countries, is also making steady progress abroad. Read more.

Australian beer business Lion secures 50% stake in Four Pillars The gin maker's portfolio includes Rare Dry, Spiced Negroni, Navy Strength and Bloody Shiraz. To gain a foothold in European markets, Lion acquired British craft beer brand Fourpure in July last year. Read more.

Mondelēz teams up with one of the largest food incubators in the US The partnership with The Hatchery is one of several investments the company is making as it looks to unlock innovation and growth opportunities in the snacking and beverage industry. Read more.

Nike posts third quarter results Revenues for Nike, Inc. increased 7% to $9.6bn, up 11% on a currency-neutral basis, while revenues for the Nike brand rose 12% to £9.1bn driven by growth across wholesale and Nike Direct. Read more.

Molson Coors to invest £5m in Pravha The investment comes with a redesign of Pravha's packaging and an advertising campaign that will target several locations in the UK. Molson Coors also recently invested a similar multimillion-pound sum in Carling. Read more.

Conagra Brands’ profits beat estimates Driven predominantly by its acquisition of Pinnacle Foods, net sales grew 35.7%. Earlier this month, Conagra announced new products such as gluten-free mugcakes through Udi’s and frozen burritos and meal bowls under its Evol brand. Read more.