STOCK WATCH

■ TONIC firm East Imperial has an ambitious aim of knocking Fever-Tree off its perch.

Yesterday, it signed a longterm distribution agreement with one of the largest distributors in China.

WHI will supply East Imperial’s entire range of ‘ultra-premium’ mixer drinks across the Chinese and Macau mainland.

The partnership will enable East Imperial to continue building its presence at the luxury hotel end of the market. The shares jumped 26.6pc, or 0.85p, to 4.05p.