Unilever has raised its stake in Indian subsidiary Hindustan Unilever but fallen short of the 75% threshold it had originally targeted. 

Paul Walsh confirmed his move to swap booze for food today, with the outgoing Diageo boss becoming catering giant Compass Group’s new chairman. Mr Walsh, who will be replaced at Diageo by Ivan Menezes in July after more than 12 years at the helm of the maker of Guinness and Tanqueray gin, will join Compass as a non-executive director next January and will become chairman on 6 February.

Paul Walsh, the mastermind behind the global expansion of the Smirnoff and Johnnie Walker maker Diageo, is expected to take the chair at the caterer Compass as he retires from the drinks giant next year.

Tyrrells, the maker of crisps loved by Middle England, has whetted the appetite of private-equity firms to buy the business for about £100m.

Weak exports hit manufacturers

Unilever heads for a £3.4bn India deal

Speciality teas are becoming the drink of choice in top-notch restaurants

Cameron stresses 'moral' case for companies to pay fair share in return for governments seeking to keep taxes low

Coalition policies blamed for accelerating trend away from most generous retirement schemes

Celebrity Kelly Brook has helped Unilever's Magnum ice cream join its €1bn club of brands, as shares in the consumer goods giant hit an all-time high.

The boss of Unilever, maker of Hellmann's mayonnaise, today warned that Europe's economies face at least a decade of bumping along the bottom, and raised fears over the recovery in the United States.

The career of Professor Ronald Brech was full of variety, but throughout it all his passion for economics – as well as life in general – remained undiminished.

Brand conglomerate Unilever is ending its sponsorship of Tate Modern’s Turbine Hall after 12 years and 13 commissions.

A damp, cool summer for much of northern Europe has meant Wall's Magnum, Twister, Calippo and Mini Milk ices have been stuck in the freezer rather than being gobbled up.