Lyle’s Golden Syrup moves into snacking category Lyle’s Golden Syrup has expanded into the ambient snack space, with the launch of ready-to-eat flapjacks. The products are initially launching into Sainsbury’s and Ocado stores in the UK. Read more.

Diageo to sell majority stake in Guinness Nigeria As the drinks giant moves to reduce its presence in Nigeria, Diageo has agreed to sell its majority shareholding in Guinness Nigeria to Singaporean conglomerate Tolaram, for $70m. Read more.

JM Smucker surpasses quarterly profit estimates The maker of JIF peanut butter has said that higher prices have helped boost revenue beyond expectations in its fourth quarter. JM Smucker's quarterly sales dropped 1% to $2.21bn. Read more.

Wicked Kitchen begins new ownership Last week, the plant-based products brand Wicked Kitchen was acquired by the Ahimsa group of companies for an undisclosed sum. Good Catch and Current Foods, which were acquired by Wicked Kitchen in 2022 and 2023, were included in the deal. Read more.

Campbell Soup Company to spin out Noosa yoghurt business The US food group has confirmed plans to divest the Noosa label, which it acquired as part of its recent purchase of Sovos Brands. Campbell Soup has not disclosed details of its plans. Read more.

Nissin Foods enters Korean snack market The Hong Kong-based instant noodle giant has announced the acquisition of Korean snack company Gaemi Food. In a $34.6m deal, Nissin will take full ownership of Gaemi Food in order to expand its presence in Korea and overseas. Read more.