Noble House Leisure chairman Robert Breare is expected to meet with financial advisors today (Monday) to put the finishing touches on a £12m recommended cash offer for Oriental Restaurants Group.

Noble House is thought to be planning to merge Oriental's London-based business with its own Taipan Taverns. Oriental is expected to convert some sites to Taipan's own Jim Thompson's brand.

• Meanwhile, the markets await an increased offer from Breare of 550p-600p-a-share later this month for Wolverhampton & Dudley Breweries.