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The head of Sainsbury's says the system is "archaic", amid a row over England's latest revaluation.
The PM agrees to meet the boss of France's PSA Group to discuss a planned UK takeover of Vauxhall.
Unilever, which makes Marmite and PG Tips, snubs a £115bn takeover offer from US food giant Kraft.
RBS could abandon the sale of its small-business lender, Williams & Glyn, under government plans.
Sales are down 0.3% in January dashing expectations of growth, official figures show.
Only 52% of food eaten in the UK is produced by British farmers, according to new research.