Asda is imposing harsher payment terms on its clothing suppliers as it attempts to turn the business around. A letter sent on Tuesday to international suppliers warned they will now have to wait 50% longer to receive payment, as it extends its terms from 60 to 90 days. (The Guardian)

Profits at the world’s largest brewer slipped for the first time since Anheuser-Busch InBev’s creation more than a decade ago as sales of beer in recession-hit Brazil fell (The Times £). AB InBev to squeeze even more drops out of SABMiller deal after upping its cost savings guidance from its £79bn mega-merger (The Telegraph)

Going sugar-free gives a fizz to Vimto maker Nichols sales with shares advancing 1.9% A day after Irn Bru cut its recipe to reduce sugar, Vimto maker Nichols said sugar-free sales of its leading brand were up 19%. (The Daily Mail)

McDonald’s is considering bringing burgers to British doorsteps as part of a global push into the $100 billion restaurant delivery market. The fast-food chain, which has more than 1,200 British branches, said that its “extraordinary footprint” suited making deliveries. (The Times £)

The death of the weekly supermarket shop has sparked a “tap-and-go” payment boom as the number of payments made by contactless cards more than tripled last year. (The Telegraph)

Leading shareholders in GlaxoSmithKline, Britain’s biggest drugs company, are piling pressure on its board to reduce a proposed multi-million pound pay deal for Emma Walmsley, its new chief executive. (Sky News)

British American Tobacco chief is confident of ecigarette push, writes The FT. Nicandro Durante shrugs off suggestions it is playing catch-up in fast-growing market. (The Financial Times £)

The Government must rethink “disastrous” rises in business rates before next week’s Budget, the boss of Alton Towers owner Merlin Entertainments has said. (The Telegraph)

The Telegraph writes further on business rates: “Small businesses are truly the hand that feeds the economy. And yet, here we are approaching another Budget, continuing to bite that hand with an archaic tax that may have been fit for purpose when it was created in Shakespeare’s time 400 years ago, but makes no sense today.” (The Telegraph)

British families will be £5,000-a-year poorer by 2022 than they would have been if the 2008 crash had not happened, a think tank has said. The Institute for Fiscal Studies has calculated that the effects of the downturn have wiped 18% from average median household income. (Sky News)

UK’s appetite for gourmet takeaway fuels restaurant delivery boom, writes The Guardian. Brands such as Deliveroo, UberEats and Just Eat buoyant as demand for home-delivered, restaurant-quality meals feeds £3.6bn industry

Sport Direct’s colourful owner Mike Ashley is back in the spotlight after the sale of lingerie retailer Agent Provocateur to a fashion agency part-owned by him was criticised by the brand’s co-founder. (The Times £, The Telegraph, The Guardian, Sky News).

Can Impossible Foods and its plant burgers take on the meat industry, asks The Guardian? The meat free burger brand is on the cusp of big things. But as the company lines up its first burger chain, it still needs to show it can convert the meat-loving masses. (The Guardian)

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