Lucozade and Ribena on Barr's radar

Two of Britain's best known drinks brands, Lucozade and Ribena, are reported to be a £1 billion takeover target for the owner of Irn-Bru.

AG Barr, which recently failed to pull off a deal with Britvic to create Europe's largest soft drinks company, is expected to open talks with private equity firms with a view to launching a joint bid for the brands, the Sunday Times said.