Sainsbury’s is facing opposition to a pay shake-up it says will give its 130,000 store staff a “leading rate” in the sector, from the Unite union. ( Sky News )

J Sainsbury has increased the rate of basic pay for his shop floor staff to £9.20 per hour, but has also decided to cut paid breaks and annual bonus in a change to its premium pay policy. ( The Times £, The Telegraph, The Guardian )

Shares in Just Eat have plunged after it slumped into the red thanks to a £180m hit from its Australia and New Zealand operations and warned of higher investment across the group. ( Sky News, The Guardian )

Just Eat’s new boss will plough £50m into bolstering the company’s defences against major rivals after it took a huge write-down against its Australian business. (The Telegraph )

Coca-Cola is set to break away from 125 years of tradition by experimenting with its first alcoholic drink, as the group has its eyes on the Japanese “Chu-Hi” alcopops market. (Financial Times £ )

The Co-op is set to roll out technology that allows shoppers to scan and pay for items on their smartphone while they shop, and then walk out of the store without visiting a till. ( The Guardian )

In the latest sign of retailers battening down the hatches Debenhams is considering renting space in its flagship London department store to a hot desking firm. ( The Guardian )

BrewDog’s launch of a pink “beer for girls”, in order to raise awareness over gender pay inequality and sexist advertising, has come in for criticism as a cynical marketing stunt, from beer industry blogger The Crafty Beeress. ( The Guardian )

Forbes Magazine has named Amazon founder Jeff Bezos as the richest man on the planet, having amassed a personal fortune of $112 billion. ( The Times £ )

A trio of investors comprising of Singapore’s Temasek and GIC alongside London based investment firm Metric Capital, are close to buying a minority stake in a group of high end restaurants including Nusr-Et Steakhouse owned by the Dogus Group. (Financial Times )