With the battle between brands and own-label continuing to intensify in the UK, the world’s largest retailer, Wal-Mart, is gearing up for an overhaul of its Great Value range, the Financial Times reports.

The FT also reports on a bleak future facing German diary farmers.

Elsewhere, there’s the ‘news’ – first reported by thegrocer.co.uk last week – that the OFT is looking into the Dr Oetker deal for Chicago Town pizza, as reported in The Times.

The Daily Telegraph reports that vegetarians have a lower risk of cancer than meat-eaters, although that hardly seems revolutionary.

While there’s more in the Daily Mail about cut-price booze and excessive drinking again today, The Guardian reports that champagne sales in the UK remain buoyant despite the slumping economy.