The UK government has shelved plans for restrictions on alcohol ads but has laid out plans to bring in "mandatory" nutritional and health warning labels.

Kentucky-based bourbon producer J Mattingly 1845 is to be acquired by private-equity group Gold Corn & Co. for an undisclosed sum.

The World Health Organization (WHO) is again urging countries to raise prices on goods such as alcohol and sugary drinks.

DropWorks co-founder Lewis Hayes believes the UK distiller’s product recipes mean the fledgling business can win over rum drinkers.