Tesco surged up the FTSE 100 after analysts told investors to add the stock to their trolley. Goldman Sachs upgraded the grocer to ‘buy’ from ‘sell’ for the first time in four years, claiming pressure in the grocery market is set to ease as discounters dial back on their aggressive pricing (The Daily Mail). Britain’s three largest supermarkets took the top spots on the FTSE 100 on Tuesday morning, after a report by Goldman Sachs suggested some of the recent pressures on the sector should soon start to ease – though the bank was at pains to stress that the picture is still far from rosy. (The Financial Times £)

Switzerland’s Nestlé is spending $2.3bn to buy Atrium Innovations, a Canadian nutritional products company, from private equity group Permira, as it seeks to pep up its consumer healthcare activities. (The Financial Times £)

South Africa-based retailer Steinhoff said on Tuesday evening that its chief executive, Markus Jooste, was resigning, and that new information had surfaced regarding “accounting irregularities requiring further investigation.” (The Financial Times £)

Upmarket tonic water maker Fever-Tree has ended a long-standing agreement with its US sales agent and plans to set up its own permanent American base, headed by its former global strategy director. (The Telegraph)

With weeks to go before Christmas, the package that shops and stores had long been dreading finally turned up with the launch of Amazon’s Australian business and the promise of one-day deliveries in most capital cities and 30 per cent discounts on big-name brands. (The Times £)

Deliveroo has tried to address criticism of how it treats its self-employed workers by offering them an income insurance policy that protects their pay if they get injured or fall ill. (The Times £)

A British supermarket is selling supersized Braeburn apples after unusual weather conditions in the spring produced a crop of giants. The latest frost for nearly 20 years in April meant fewer apples grew, with as much as 10% of the country’s Braeburn crop affected. However, farmers were surprised to find that the reduced crop had grown to more than twice the normal size and weight. (The Guardian)

Carrefour’s new chief executive Alexandre Bompard has teamed up with his former employer Fnac Darty for a purchasing partnership. Carrefour, the world’s second largest retailer by revenues, said on Tuesday that it has teamed up with the rival retailer and signed a deal to team up when sourcing household domestic appliances and consumer electronics. (The Financial Times £)