Cafédirect acquires The London Tea Company from Finlay Beverages Cafédirect CEO John Steel said the deal, agreed for an undisclosed amount, would help the company to reach new customers in speciality and herbal teas. "There is a strong strategic fit between the Cafédirect and London Tea product range," he said. Read more.

Jaguar Land Rover set to report record revenues of over £23bn Vehicle sales are understood to have grown by 16% to 604,000 in the year to the end of March. The company has benefited from strong demand for its premium cars and the fall in the value of the pound, which has boosted top-line performance. Read more.

Affinity Beverage Group completes acquisition of Undone Chocolate Undone, which is based in Washington, DC, makes vegan chocolate bars, cacao tea and drinking chocolate. The business recently signed new deals with retailers in the US and agreed a distribution deal in the UK. Read more.

Finnebrogue Artisan secures UK-wide Asda supply contract The meat processor has agreed a deal that will see it supply own-label sausages to more than 350 stores at a retail value of £2m. Finnebrogue first began working with Asda in 2014. Read more.

PepsiCo signs up to global plastics value chain initiative The FMCG group has become a core partner of the New Plastics Economy initiative, which aims to promote sustainability by partnering with members of industry. PepsiCo has previously announced its goal for 100% recoverable or recyclable packaging by 2025. Read more.

Rekoderlig sees boost to cider sales thanks to Cider Festival initiative The three-week event helped to boost sales of brands such as Rekorderlig and Stella Cidre. The event generated sales of over £1.8m, beating last year's total by over £1m, retailer Nisa said. Read more.