The owner of Holland & Barrett is plotting to buy back nearly £900m of debt as part of a restructuring aimed at restoring it to a stable financial footing. The move is designed to avert the prospect of the retailer’s lenders seeking to take control if it defaulted on its repayment obligations. (Sky News)

Haleon has rejected requests from GSK and Pfizer for indemnification relating to the legal battle over a heartburn drug (The Times £). Haleon has rejected requests from former parent GSK and US pharma giant Pfizer to help cover costs relating to a raft of lawsuits over heartburn drug Zantac (The Daily Mail).

The only party not getting heartburn over GSK demerger is the lawyers, writes The Guardian’s Nils Pratley. The depressing outcome of the split is a legal challenge in the US over Zantac that will run on for years. (The Guardian)

Sainsbury’s is in advanced talks to offload a portfolio of prime retail sites to a London-listed real estate investor for about £500m. (Sky News)

The UK gambling regulator said on Tuesday that the National Lottery would be handed over to Allwyn, after existing operator Camelot dropped its appeal against the decision to award the licence to its rival (The Financial Times £). The new operator of the National Lottery has said it hopes to more-than-double the amount of money allocated for good causes (The BBC)

Struggling High Street firms are calling for an urgent business rates overhaul to help them ‘survive the winter’. (The Daily Mail)

The pound has fallen to a 37-year low against the dollar after figures showed that the cost of servicing UK government debt last month hit a record high for August - before Liz Truss came to power with promises to splash the cash. (Sky News)

Millions of coffee drinkers go to Starbucks for their daily caffeine fix. But with its once-high octane shares down more than a fifth this year, the world’s biggest coffee chain desperately needs a fresh jolt of its own. (The Financial Times £)

It’s tough being an investor in Ocado these days. The latest 9.6% slide in the online grocer’s share price to 606.5p came after analysts at HSBC said they thought “the prospects of the retail business have deteriorated”, adding that the absence of new significant contract wins was weighing on sentiment. (The Times £)

An ad campaign for celebrity chef Gordon Ramsay’s new gin has been banned for making nutritional claims that are not allowed under UK marketing rules. (The Guardian)

UK pub group Fuller, Smith & Turner has said its gas and electricity bill will more than double without government support, as businesses await details of help with soaring energy prices expected in a mini-Budget this Friday (The Financial Times £). One of Britain’s leading pubs companies expects its energy bills to more than double to £18m this year as gas and electricity costs reach “unprecedented levels” (The Times £). As businesses anxiously await details of the government’s promised financial aid to help cover surging energy bills, a pub operator has revealed it is facing an £18m hit without help (Sky News). Fuller, Smith & Turner is set to pay an additional £10m in gas and electricity costs this financial year as a result of the ongoing energy crisis (The Daily Mail)

A conference in central London this week brings together leaders in the sector for the World-Agri Tech Innovation Summit. One attendee, Tom Espiard-Cignaco, president of the CapAgro Innovation Fund, said awareness of precarious food security was spurring interest. (The Times £)

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