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Weston family-owned Associated British Foods is to merge UK cereal business W Jordan & Son with its own Ryvita brand.

Microsoft founder Bill Gates has taken a 3% stake in UK family-owned business Carpetright.

UK family businesses are more than twice as likely as their counterparts in France, Germany and Italy to change ownership over time.

While speculation that family-run brewer Anheuser Busch is to be taken over by rival InBev is reaching fever pitch, the Busch family has revealed it is split on whether it would be in favour of such a move.

Yeung Kwok-Keung, chairman of property firm Country Garden and patriach of one of China’s richest families, has reportedly bought a stake in Television Broadcasts, one of the world’s largest producers of Chinese-language television programming.

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