One of Just Eat’s biggest investors has declared that the South African bidder trying to gatecrash a takeover of the takeaway delivery group will have to raise its offer by at least 20% for it “to be deemed attractive” (The Times £). The hostile suitor trying to buy Just Eat must pay an extra £1bn to take it over, major shareholder Aberdeen Standard has said (The Telegraph).

Investors holding more than a fifth of Just Eat’s shares have already rejected Tuesday’s £4.9bn hostile takeover bid from Naspers’ international dealmaking unit, Prosus, with one fund suggesting that it would take another £1bn to get the deal done (The Financial Times £). Another top Just Eat shareholder has opposed the £4.9bn hostile takeover of the food delivery firm – but said it would consider a price tag of nearly £1bn (The Daily Mail).

Shares in Beyond Meat have lost their sizzle, with investors placing increasingly bearish bets on the company that launched one of the most successful public offerings in the US this year. (The Financial Times £)

Impossible Foods has set its sights on European expansion and has applied to sell its plant-based burgers with the region’s food safety authority. (The Financial Times £)

Retailers have axed 85,000 jobs in the past year as weak consumer demand, rising costs and the switch to online shopping, exacerbated by Brexit uncertainty, have put businesses under increasing pressure (The Guardian). The government is facing calls to overhaul its High Street policies after estimates were made of 85,000 retail sector job losses on a year ago (The BBC).

The High Street is at ‘breaking point’ and many of the country’s biggest chains are in a fight for survival, says a major study (The Daily Mail).

An aggressive US investor has snapped up a major stake in Domino’s Pizza, piling more pressure on the takeaway business as it grapples with angry franchisees and seeks out a new boss. (The Telegraph)

KPMG has been paid about £2.3m for its work on winding down Patisserie Valerie, despite being replaced as administrator to the failed bakery chain due to a conflict of interest. (The Financial Times £)

PatVal, the collapsed café chain in the news over the £2.3m paid to its former administrator, also provided dividends to owners, plus share bonuses to directors… The only way to recover money from directors may be litigation on basis of negligence, which the new administrator, FRP, is exploring. (The Financial Times £)

Tesco is set to launch high end pop-ups in major cities in the run up to Christmas. The supermarket chain will sell some of its “Finest” products, which are also its most expensive, alongside wine. (The Telegraph)

The world’s largest consumer groups are still using very little recycled plastic in their packaging, highlighting how far they are from meeting their own green targets amid a growing public backlash over the material polluting oceans and swelling landfills. (The Financial Times £)

Agriculture could be key to tackling the climate crisis and meeting the Government’s net zero goals but the industry is being held back by political uncertainty, according to the chairman of the Nature Friendly Farming Network. (Sky News)

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