Betaville

Butcher's said to be working with Houlihan Lokey on potential sale - sources

Dealmaking hasn't been easy this year in the UK market but if there is one area that continues to defy the slowdown it's pet care.

And the latest company at the centre of takeover talk is Butcher's, a privately-owned posh dog food maker based in Northamptonshire in the British midlands.

City sources said Butcher's is said to be working with advisers from Houlihan Lokey on "strategic options", which as most readers know is banker parlance for a potential sale...