Mexican trade body The Tequila Regulatory Council is preparing to sue Heineken over its Desperados lager, claiming the world’s second-biggest brewer by sales is fraudulently using the protected name of the spirit on a product that contains none.

“Either they take the word tequila off it, or they put some tequila in” the CRT said, warning that if they refuse, “we’ll have no choice but to fight this [in court]”. Heineken spokesman Michael Fuchs says Desperados “is a beer flavoured with tequila. The flavouring we use contains tequila, which we buy in Mexico from one of the members of the CRT”. (The Financial Times £)

Britain’s factories are experiencing their strongest performance in nearly three decades as the fall in the pound gives exporters an advantage abroad. The CBI said order books in June had climbed to their highest level since August 1988, while export demand hit a 22-year high. Economists said the findings raised hopes that a manufacturing boom might offset the slowdown in consumer spending and steady the economy. (The Times £)

The boss of B&M Bargains has enjoyed a bumper bonus following a jump in the retailer’s profits which has led to his payday doubling compared to the year before. (The Telegraph)

Jill McDonald, the boss of Halfords, is missing out on £1.7m of bonuses from the bikes and car parts retailer as she jumps ship to Marks & Spencer (The Guardian). The chief executive of Halfords saw her pay plunge by £110,000 in her final year at the firm before she left for Marks & Spencer. (The Daily Mail)

The US is suspending imports of fresh beef from Brazil, agriculture secretary Sonny Perdue announced on Thursday, citing “recurring concerns about the safety of the products” sent to the American market. Mr Perdue said that the suspension would remain in place until Brazil’s Ministry of Agriculture took corrective steps that American regulators found satisfactory. (The Financial Times £)

The cost of one of Britain’s most popular fruits may “soar” by up to 50% if Brexit restricts EU seasonal workers from picking, according to an industry body (Sky News). Producers have called on the government to introduce a permit scheme for seasonal workers to ensure that the expansion of soft fruit production in the UK is not brought to a halt (The Guardian).

The sterling corporate debt market is sending a warning signal over the UK consumer with investors dumping bonds from high street retailers such as New Look and House of Fraser. The deterioration in the prices of bonds sold by the fashion retail sector has also rippled across to debt issued by non-bank providers of consumer credit to risky borrowers. (The Financial Times £)

Fancy a Big Mac but just can’t be bothered to get up off the sofa? McDonald’s has finally answered your prayers– if you live in parts of London, Nottingham and Leeds at least, writes The Guardian. The fast food giant has launched its long-awaited “McDelivery” trial in the UK after teaming up with Uber’s food delivery service, UberEats. (The Guardian)

The FT looks at the rise of Santo Domingo brewing family - best known for its immense wealth and stake in AB InBev, the world’s largest beer company. (The Financial Times £)

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