Waitrose has taken the highly symbolic move of committing to using only British produce in its own-label dairy. The Scotsman reports.

Pub group Punch Taverns has moved to reduce its debt, prompting very different takes from the Daily Mail and the Guardian. The Independent also has a gander.

The Financial Times reports that Foster’s is struggling to revive the fortunes of its wine portfolio. Not been a great week for Australians all round.

The Daily Telegraph has the shock news that the global fuel crisis could be solved by... watermelons.

That’s largely it for the papers today.