Walt Disney ups Fox bid to $71.3bn The move is intended to put an end to rival Comcast Corp's bid for the media business. Comcast last week offered $65bn to acquire Twenty-First Century Fox. Walt Disney's offer involves both cash and stock. Read more.

Saga performance in line with full-year expectations for the four months to 31st May Saga's own-brand retail insurance policies saw a year-on-year increase of 1% while motor and home new business policies rose by 30% and 14% respectively. The insurance provider and travel operator also grew its membership scheme by 740,000. Read more.

Kraft Heinz mulling the sale of its Complan brand in India A potential deal is expected to bring in around $1bn according to Bloomberg. Kraft Heinz has retained an advisory group to gauge interest from both trade buyers and private equity houses, with talks remaining in the early stages. Read more.

Anheuser-Busch partners with USA Rice to invest in riceland conservation Rice is a key ingredient in the recipes of several of the company's key brands, including its marquee Budweiser lager. The investment in the Rice Stewardship Partnership is intended to ensure the robust health of the rice supply for decades to come. Read more.

William Jackson Food Group builds its food service offering with acquisition of Wellocks The move follows the group's sale of Aunt Bessie's to Nomad Foods for €240m. The acquisition of Wellocks will establish the company in the premium segment of the foodservice channel. Read more.

Nestle and XPO Logistics partner to build 638,000 square foot distribution centre in Leicestershire The site will be owned by XPO and occupied mainly by Nestle's consumer packaged goods brands including Maggi and Kit Kat. The two businesses plan to install XPO's new generation of state-of-the-art automation technology. Read more.