An English whisky distillery has raised new funding of £4.25m to finance ambitious plans to triple production capacity to 1.2m bottles a year. The Lakes Distillery, which was formed in 2011 and started operations by Bassenthwaite Lake, in 2014, has secured the money from Comhar Capital in return for a minority stake in the business. (The Times £)

The former Co-op boss who helped save the mutual from collapse in 2013 will this week be named as the next chairman of Britain’s biggest poultry production empire. (Sky News)

Investors headed for the exit as McBride, one of Europe’s largest suppliers of cleaning products, warned that profits would be about 15% lower than expected because of rising costs and falling sales. (The Times £)

Almond milk producer Califia Farms has raised $225m from global investors including Singapore’s Temasek Holdings who are looking for the next plant-based food hit after the market debut of vegan burger maker Beyond Meat last year. (Reuters)

Sterling climbed back above $1.30 yesterday to recoup some of the losses from Monday’s sell-off as markets repriced for a possible interest rate cut this month. (The Times £)

Boohoo’s value hit a new high on Tuesday after the online retailer’s shares rocketed on the back of strong sales - overtaking high street rival Marks & Spencer, which faced a warning over its profit growth. (The Telegraph, The Financial Times £, The Guardian, The Daily Mail).

Dominic Chappell, the former owner of BHS, has been ordered to pay £9.5m into the pension schemes of the department store retailer, which collapsed under his management in 2016. (The Financial Times £, The Times £, The Telegraph, The Guardian).

Companies are spending more than £2 million a week in an attempt to regenerate high streets through hundreds of business improvement districts, according to a study. (The Times £)

A Turkish start-up offering ultrafast deliveries has secured almost $40m in funding from a group of investors led by the Silicon Valley venture capitalist Michael Moritz, in a boost to Turkey’s nascent tech scene. (The Financial Times £)

Zomato and Swiggy’s battle for Indian food delivery heats up. After muscling out their competitors, the start-ups face a new fight for profitability. (The Financial Times £)