FTSE 100 giant Associated British Foods has been given the green light for a £75m takeover of Hovis, creating the UK’s biggest bread brand.

FTSE 100 giant Associated British Foods has been given the green light for a £75m takeover of Hovis, creating the UK’s biggest bread brand.

The takeover of Hovis by Kingsmill owner Associated British Foods (ABF) has been cleared by UK regulators.