Iceland retail boss Malcolm Walker today led a £1.45 billion deal to buy back the frozen food chain he founded more than 40 years ago.
The Flintshire-based business was bought back from its creditors, the collapsed Icelandic bank Landsbanki.
Mr Walker and his senior management team already held 23% of the business but will now have full operational and board control
I am utterly delighted that we have been able to conclude a deal that ensures a secure, independent future for this great British company.
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All very average out there today! A mixture of sunshine and showers, with relatively decent temperatures!
Nearly a third of parents in Wales skip a meal or more so their children don't go hungry over the summer holidays.
Showers will continue for a time in the west before easing by the early hours. But there is more rain on the way for tomorrow!