The owners of United Biscuits are reportedly looking to auction the company’s biscuits division for around GBP1.5 billion (US$2.39 billion), after China’s Bright Food walked away from talks...

British-based baked goods and snacks giant United Biscuits, producer of McVities, Carr’s, Jaffa Cakes, McCoy’s and Phileas Fogg, is rumoured to be next for the hammer, with UK news outlets...