The launch of a Tesco discount chain is set to be confirmed in Cambridgeshire next week as Britain’s biggest supermarket group battles the rapidly expanding Aldi and Lidl. In an invitation to reporters, Tesco said that it would be “sharing some exciting news”, but declined to disclose any further information, writes The Times £. The first Jack’s store is expected to open in Chatteris, Cambridgeshire, in a store owned by Tesco but which has been empty for three years (The Daily Mail).

Tesco will unveil its new discount chain Jack’s next week as the UK’s biggest supermarket throws down the gauntlet to the German discounters Aldi and Lidl. Tesco has forced staff and suppliers working on the project to sign non-disclosure agreements and the retailer is saying little about its plans. But when the Guardian visited the Chatteris store on Tuesday a Jack’s sign could be seen over the door, albeit covered with a blue tarpaulin, and branding was also clearly visible inside. (The Guardian)

UK investors have reacted angrily to details of Unilever’s plans to move its headquarters to the Netherlands after it was confirmed that the company would leave the FTSE 100, setting the scene for a tense shareholder vote next month (The Financial Times £). Unilever has laid out the details of its contentious plan to reorganise its corporate structure and abandon its 88-year dual-governance structure in London and Amsterdam (The Times £). Unilever has just over a month to convince investors to back a controversial plan to scrap its UK legal headquarters (The Daily Mail)

The FT’s Lex column writes that the communitarian Netherlands looks like a cosier berth for CEO Paul Polman’s socially conscious business than the profit-hungry UK. Anglo-Saxon capitalism, like Marmite, is not to everyone’s taste. A revolt by niche UK funds is unlikely to derail the simplification (The Financial Times £)

On the face of it, Unilever’s “simplification” looks reasonable, writes Alistair Osborne in The Times (£), yet dig a bit deeper and the whole thing looks like a Dutch stitch-up at Britain’s expense. “Unilever needs 75 per cent backing from them at October 26’s vote to pull off its great “simplification” and remove Britain’s third biggest company from the FTSE 100. There’s a decent case for spoiling Mr Polman’s Christmas.” (The Times £).

Morrisons is the latest major supermarket group to be challenged over equal pay for its shop floor workers in a claim which could cost the retailer an estimated £1bn if successful (The Guardian). Supermarket chain Morrisons is facing equal pay claims worth over £1bn law firm Leigh Day said on Tuesday, seeking compensation for women who believe they were paid less than men in distribution centers (Reuters).

British exports of animal products to 139 countries may grind to a halt in the event of a no deal Brexit, according to a damning report from the government’s public spending watchdog. The report from the National Audit Office into preparations by the Department for Environment, Food and Rural Affairs for implementing the UK’s exit from the EU also warned that the country faced a shortage of vets, diminishing time for new legislation, and a lack of vessels to patrol English fishing waters. (The Financial Times £)

Beer drinkers could be forced to swallow even higher prices next year as the brewing industry is rocked by the soaring costs of ingredients. (The Guardian)

Turkey’s economy may be plumbing the depths of a crisis but its people cannot get enough pizza, according to the London-listed company that operates Domino’s Pizza in the country. (The Telegraph)

Iceland has announced it is starting to stop selling bananas in plastic packaging - and is urging other supermarkets to do the same. (Sky News)

The 100-odd family members who control Cargill have collected their biggest dividend cheques in years after the agribusiness titan profited by selling beef, grain and food ingredients. (The Financial Times £)

Lean hog prices gave back some of the recent gains that have been spurred by concerns Hurricane Florence could disrupt supply from North Carolina, the second-biggest pork-producing state in the US. (The Financial Times £)

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