The Labour Party’s plan for UK high streets aims to replace the business rates system, cutting energy bills and giving communities the ‘right to buy’ community assets, like pubs.

Brown-Forman, the major US drinks company, has announced a strategic review with a view to offloading its Californina-based wine assets.

The Foster’s Group (Foster’s) board of directors has rejected an offer for its Treasury Wine Estates. Foster’s received an “unsolicited expression of interest” from an international private equity firm to acquire the wine assets of Treasury Wine Estates. The proposal involved a cash consideration of between $2.3billion and $2.7billion for 100% of the assets.