Supermarket chain Tesco has angered shoppers in its inner-city stores by hiking the cost of individual bananas. The retailer has stopped charging by weight and is instead charging by single banana, meaning the cost of each yellow fruit has more than doubled at its Tesco Metro and Express stores. The grocer blames the increase on “more expensive” leases. (The BBC)

UK restaurant chain Gaucho is to be bought out of administration by two banks Investec and SC Lowry, as part of a rescue deal that will keep open all 16 Gaucho restaurants and save about 750 jobs (The Financial Times £). The future of 750 restaurant jobs was secured yesterday when the Gaucho steakhouse chain was rescued from administration by its lenders (The Times £). South African bank Investec and Hong Kong fund SC Lowy, Gaucho’s lenders, are to buy Gaucho’s 16 restaurants from administrator Deloitte (The Telegraph). The deal is dependent on the successful completion of a CVA, which will enable the company to shed liabilities including leases linked to Gioma’s defunct Cau chain as well as tax and trade debts (The Guardian).

Marks & Spencer has poached an executive from Canada’s biggest retailer to spearhead its digital overhaul. The high street staple has recruited Jeremy Pee as chief digital and data officer, a key hire for M&S as it attempts to reboot the business and fend off the threat from online rivals. (The Telegraph)

Familiar plastic can holders used for lager and beer multipacks could be on their way out after global brewing giant Carlsberg revealed plans to replace them with recyclable glue. (The Guardian)

The boss of John Lewis has unveiled a multi-million makeover of the department store chain – but her announcement was overshadowed by job cuts. She is ploughing £3.5million into its beauty halls as well as setting aside £3million for staff training. But her comments came just 24 hours after John Lewis axed around 270 jobs in its IT, finance and security departments. (The Daily Mail)

Steinhoff’s former chief executive Markus Jooste has told South African MPs he was unaware of an accounting black hole at the global retailer before its collapse last year. (The Financial Times £)

The chief executive at takeaway delivery firm Just Eat has been handed more than £2million worth of shares. (The Daily Mail)

Dominic Chappell, the disgraced former owner of BHS, and his father, Joseph, could soon be banned from serving as company directors. Greg Clark, the business secretary, began proceedings against the two men in the Director Disqualification Court, part of the High Court, on Tuesday. (The Times £)

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