Petrol stations will face disruption for up to a month even if people stop panic buying, industry figures have warned, despite “tentative” signs that the situation is starting to improve (The Times £). Britain’s supply chain strain could last until after Christmas, Boris Johnson has admitted as he urged motorists to stop panic-buying fuel by insisting supplies were “improving” – despite thousands of forecourts remaining dry (The Guardian). Government ministers and fuel retailers have been optimistic the supply crisis will soon resolve, but industry figures are not so sure (Sky News).

The Army could begin delivering fuel by the end of the week - as Boris Johnson reassures drivers about supplies (The BBC). Boris Johnson has suggested key workers won’t get priority at petrol stations because the fuel crisis is “stabilising” - as a defence source said it is “highly likely” army deliveries will begin within days. (Sky News)

Oil prices surged to their highest levels in three years as a post-pandemic surge in demand and constraints on production raised fears of tightening supplies (The Daily Mail). Oil prices climbed above $80 (£59) a barrel on Tuesday, hitting their highest level in three years as the pound slumped (The BBC). Oil prices have topped $80 a barrel for the first time in three years while wholesale gas costs have surged dramatically again - likely adding to pressure on drivers and household energy bills in the months ahead (Sky News).

Unilever has brewed a shortlist of bidders for its PG Tips and Lipton Ice Tea brands as it brings the £4bn auction to the boil. City sources said that CVC was bidding against bids from Carlyle; a joint offer from Advent International; and a consortium comprising Cinven and the Abu Dhabi Investment Authority. (Sky News)

Thousands of store workers at UK supermarket chain Morrisons have won the first round of their legal battle for equal pay. (The Financial Times £)

The maker of Irn-Bru has warned supply chain turmoil is hitting customer deliveries, amid concerns petrol panic buying could worsen the situation (The Telegraph). Irn-Bru maker AG Barr has revealed that HGV issues have been affecting deliveries to customers as well as the supply of raw materials (Sky News).

Shareholders in Britvic might be getting a case of acid reflux. The rebound in demand caused by a reopening of bars, restaurants and society as a whole has been tainted by industry shortages of carbon dioxide and higher supply chain costs. (The Times £)

UK and European leading supermarkets say they would cut ties with any suppliers that did not meet their ethical standards after a Guardian investigation found allegations of widespread exploitation suffered by workers in meat plants across Europe. (The Guardian)

The prospect of genetically modified foods being grown and sold in the UK has come a step closer after changes to farming regulations that will allow field trials of gene edited crops in England. (The Guardian)

A fresh Brexit fishing war threatened to break out on Tuesday night after the Government rejected three quarters of applications from small French boats to fish waters around Britain. (The Telegraph)

Food prices rose in September for the first time in six months as higher transport costs, rising commodities prices, labour shortages and Brexit red tape filtered through to the shops, according to figures compiled by the British Retail Consortium. (The Times £)

Plant-based meat companies that rely on the pea as a key ingredient are set to be hit by the severe drought in Canada this year that has led to soaring crop prices, a leading supplier has warned. (The Financial Times £)

Bosses from chains including Nando’s, Starbucks and Prezzo have been drafted in to advise the government on its plans to boost the hospitality sector after the easing of lockdown this summer. (The Guardian)

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