Please see below a round up of this weekend’s newspapers: Ivell stays in the pub Bob Ivell is close to being appointed as chairman of Mitchells & Butlers (M&B), the pubs group, on a permamnent basis. Shareholders are keen for Ivell, who has been filling the role on an interim basis since July, to accept the job indefinitely. Although a few details need to be finalised, the company could announce his appointment this week. Sunday Times Jurys Inn options reviewed Royal Bank of Scotland has asked PwC to review options for Jurys Inn, the chain partly owned by Derek Quinlan.Options could include refinancing the £616m debt or the lenders swapping their loans for shares in the three-star hotel chain. Sunday Times Pierre White in Yew Tree legal battle The days when you could expect to eat food prepared by Marco Pierre White at a restaurant bearing his name are long gone. Now even the chances of bumping into the Hell’s Kitchen star at these venues are remote. This week details of how the chef allows restaurants to use his name for a one-off £50,000 licensing fee and a share of the turnover are contained in legal papers filed at the High Court. They reveal that the chef will make a set number of personal appearances at the venue as part of the deal, but any additional visits will be charged at £25,000 a day plus VAT. White, 49, is suing former business partners Andrew Parton and Peter Featherman. The dispute centres on the Yew Tree Inn and restaurant in Highclere, Hampshire, which until the beginning of this year was called Marco Pierre White’s Yew Tree Inn. White, who bought a 32% stake in the company that owns the business in 2005, claims he was later frozen out. He had expected to receive a 38 per cent share in a new company being set up following a decision to restructure the shares. But last December he found out he no longer had any stake, even though it had continued to trade under his name. His lawyers insist White’s former partners must compensate him or pay him for the use of his name in line with his licensing agreements. The documents state: “The claimant has entered into a number of licensing arrangements for the use of his names in pubs and restaurants which typically require a one-off fee of £50,000 (plus VAT) and a royalty  of five per cent of gross turnover  of the business.” Mail on Sunday Tide ebbing on amazing shrinking leisure zone The preservation of pubs group Mitchells & Butlers’ stock market listing may have been signalled by the departure from its Thames mooring of billionaire would-be buyer Joe Lewis’s superyacht Aviva. But the tide has been going out for stock market investment opportunities in the UK’s leisure industry. Behind data showing the ­sector’s value falling to 2.55% of the overall market from 3.05% five years ago, a flood of companies ranging from watering holes and hotels to restaurants, gyms and gaming have transferred to private ownership, only partially offset by flotations. “The amazing shrinking sector” is how Langton Capital leisure analyst Mark Brumby reflected on a combination of market departures, company failures and dramatic share price collapses that wiped billions of pounds from valuations. The roll call of quoted departures in recent years includes gym chains Fitness First and Holmes Place, restaurant groups Clapham House, Gondola and La Tasca, gaming companies London Clubs International and Stanley Leisure and hotels groups McDonald and Jarvis. High profile arrivals such as Betfair Group and PartyGaming have struggled to live up to their pre-float fanfare, while others such as Center Parcs and Carluccio delisted after a brief appearance on the public markets. The financial market turmoil inevitably casts a shadow over the timing of potential trade sales or flotations. Langton Capital’s Brumby said: “The leisure sector is smaller than it was but all is not lost. It is ­recapitalising, albeit slowly.” Noting recent speculation that private equity group Alchemy ­Partners could be looking to offload the Revolution vodka bars business Inventive Leisure, which it bought for £42.5m in 2006, he added: “Large swathes of the sector are in private hands. As private equity funds mature and begin to look for their exits, IPOs or trade sales to already listed companies (which may then have rights issues) are quite likely to ­feature going forward.” Daily Express “Music licence Gestapo” says sorry It has been accused of calling businesses out of the blue and billing them for licences they don’t actually need. But now Phonographic Performance Ltd (PPL), which collects money on behalf of musicians and performers, is rethinking its tactics and has apologised to the business owner featured last week in Financial Mail. We reported that hardware store boss David Sleath had been invoiced for hundreds of pounds and even contacted by debt collectors after PPL insisted he needed a licence to listen to his radio, even after he had closed for the night. He described the PPL as “music licence Gestapo”. But the day after our report appeared, PPL contacted him to apologise and tear up the disputed bill. Now however, PPL is likely to be taken to the Copyright Tribunal if it decides to go ahead with its proposals to increase licence fees, which could leave some pub operators having to find hundreds of thousands of pounds. Last week, several industry trade bodies, including the British Beer & Pub Association and the Association of Licensed Multiple Retailers, joined forces to oppose the plans, calling the increases “unfounded’ and ‘unfair”. “We can and will take PPL to the Copyright Tribunal if it says it is going to increase its prices,” said Kate Nicholls, the Association’s strategic director. PPL said no final decision has yet been taken on whether to increase its fees. Mail on Sunday 50% tax may force Diageo to quit UK The boss of the world’s biggest drinks company claims Britain’s 50% tax rate may force him to move the firm abroad. Paul Walsh said Diageo – which employs 5,000 British workers and makes Smirnoff vodka, Guinness and Baileys – has stopped creating jobs in the UK because the tax levy on incomes over £150,000 makes the country uncompetitive. Chief executive Walsh warned: ‘If people think this situation isn’t serious, they are deluding themselves. I believe the 50% tax rate will lead to the long-term damage of this nation’s competitive edge.’ Asked if the rate would result in Diageo moving its London HQ overseas, he said: ‘It may do. At the moment, if I am going to create jobs, I am not going to create them in the UK because it’s a high-cost environment. If I employ staff in Singapore with a ten per cent tax rate, I don’t have to pay them as much for them to feel good and go home with more money.’ Mail on Sunday Curry workers turn up heat for better conditions A new union is striving to win fairer job rights for some of the UK's 100,000 Bangladeshi-British chefs. A small but growing band of restaurant workers and community leaders are hoping to help with that, with the creation of a new union aimed at the curry trade and other industries where Bangladeshi Britons are prominent. The Bangladeshi Workers Union, quietly launched a week ago, already has 500 members and is in discussions with Unite and the GMB to become affiliate members. Azmal Hussain, a Brick Lane restaurant owner who helped set up the union (and Mr Uddin's boss) hopes a collective bargaining unit will help restaurant staff to win fairer working conditions. Independent on Sunday Martin drinks in new scenery Tim Martin, the chairman of JD Wetherspoon, was spotted scoping out one of his rivals' pubs in Notting Hill this week. Diary spotted the founder of “Spoons” supping a pint in the Churchill Arms, a popular boozer owned by Fuller's. But don't expect him to launch a bid for Fuller's. An industry source says Mr Martin often frequents other pubs. “If it sells good real ale, he will go.” Independent on Sunday House of Fraser opens ‘internet cafe’ House of Fraser has opened a store in Aberdeen – with no products on sale. Instead, the small store offers shoppers a free cup of coffee and lots of computer screens to allow them to order products which can be delivered to their home the next day. Alternatively, products can be delivered to the "shop", and customers will have to return the following day to collect them. The company admits it looked like a glorified internet cafe, with access to only one website. But said it was a key plank of its "multi-channel" strategy, to attract customers that either don't live close enough to a big town with a department store, or are without a broadband connection at home. Multi-channel has become the latest buzz word among retailers, who have realised most customers hate waiting at home for a delivery. John Lewis has rolled-out "click and collect" allowing customers to order products from its website, which they can then collect from most Waitrose stores. Daily Telegraph Groupon scales back IPO target Groupon is seeking to raise between $480m and $540m in its initial public offering, scaling back its original plans to raise $750m or more. In an amended prospectus filed Friday with the Securities and Exchange Commission, the Chicago-based daily deals company said that it would sell 30 million shares of Class A common stock and that it anticipates IPO pricing of between $16 and $18 per share. Daily Telegraph Daily Mail Independent Vintage year for vineyards The vineyards of Sussex and Surrey already win awards – and this year could be a vintage one. The acreage under vine in England (the most northerly plot is the Yorkshire Heart Vineyard, near York) has nearly doubled since 2004, with more than 400 vineyards covering nearly 1,500 hectares (3,700 acres), according to EWP, and production has increased tenfold since 2000. Sparkling wine production exceeded still for the first time last year and looks set to become the standard bearer for England, with the lion's share of new vines being planted – chardonnay, pinot noir and pinot meunier – being those predominantly used in its production. The British cause has been helped by the strong euro and Australian dollar, which has made importing wines more expensive. English wine, however, is still a drop in the ocean, holding just under 1% of a UK market in which 1.6bn bottles are drunk each year. The Guardian Avoid alcohol three days a week, doctors warn Drinkers should have three alcohol-free days a week if they want to avoid the risk of liver disease, warn Britain’s most eminent doctors. Current official guidance on healthy drinking limits is “extremely dangerous” and must be rewritten – because it implies that drinking every day is fine, the Royal College of Physicians (RCP) said. Government advice states men should drink no more than four units a day and women no more than three. But this must also address the risks of daily drinking, doctors insisted. They told MPs the risk of liver disease, alcohol dependence and serious illness increases if people drink every day rather than taking time off. In their submission to MPs on the Commons science and technology committee, the doctors said: “Government guidelines should recognise that hazardous drinking has two components: frequency of drinking and amount of drinking. To ignore either of these components is scientifically unjustified. A simple addition would remedy this – namely a recommendation that to remain within safe limits people have three alcohol-free days a week.” They added: “The implied sanctioning of a pattern of regular daily drinking is potentially extremely dangerous. The RCP disputes the claim that drinking every day will not accrue a significant health risk. Frequency is an important risk factor for development of alcohol dependency and alcoholic liver disease.” Daily Mail Daily Telegraph From start-ups to takeovers Successful entrepreneurs are turning to acquisitions rather than starting from scratch again, seeing an opportunity in the current difficult climate to buy established companies that they can lead to greater heights. Martyn Dawes, who founded self-service drinks business Coffe Nation and eight years later sold it for £23m, hopes that this approach will enable him to lessen the risk of failure, given that the vast majority of new businesses fail to reach their third birthday. The sale of Coffee Nation, which returned to his original backers almost four times their investment, has given Dawes a war chest to acquire a company himself. He is also backed by a £10m fund managed by Clearwater, a mid-market corporate finance firm.The ideal acquisition target would be a £10m to £20m turnover business where the founders have tired of running it or feel they have reached a plateau – when in fact the company has much more potential, Dawes said. “After I sold Coffee Nation, I looked at doing another start-up but there was nothing that immediately caught my eye. Then I started looking at other people’s early stage businesses and wondered if I could grow them.” Dawes added that since selling Coffee Nation he has cultivated a network of contacts that could be drawn upon to help make whatever company he eventually buys a success. FT Weekend Bain pays Y160bn for Skylark restaurant chain Bain Capital has bought a Japanese restaurant chain for Y160bn (£1.3bn) in what is the country’s biggest private equity deal since the financial crisis started in 2008. Including debt, the US buy-out group spent a total of Y260bn to acquire Skylark from a unit of Normura, Japan’s largest investment bank, and a number of domestic financial institutions. It marks the third exit for Nomura’s private equity arm this year. FT Weekend Economy grinds to near standstill The economy is set to stagnate over the next two quarters despite a likely fillip in GDP in the three months to the end of September. The third-quarter figures for national output will be unveiled this week with economists predicting a rise of up to 0.4%. Howard Archer, chief UK economist at think tank Global Insight, said: “There may have been a limited technical pick up in GDP growth in the third quarter due to some of the lost activity in the second quarter being made up. The Office for National Statistics has estimated that special factors weighing on second-quarter growth include the extra public holiday resulting from the Royal Wedding and manufacturing supply chain disruptions resulting from the Japanese tsunami earlier this year. Archer added: “Also, trade data for July and August indicates that net trade could have made a decent positive contribution to GDP growth in the third quarter. “Nevertheless, even if GDP growth did pick up in the third quarter the underlying performance of the UK economy is clearly weak.” Sunday Express Loyalty shown to supermarkets and banks Customers are most loyal to banks and building societies, supermarkets and mobile phone companies, according to the latest Ipsos Mori and the Logic Group poll. It found customers are promiscuous when it comes to travel, transport, car hire, air travel, hotels, electrical product purchases and gym membership. The research into 2,000 adults in the UK found women are more loyal than men, and people in lower socio-economic groups are more likely to be loyal to supermarkets. Independent on Sunday Small businesses subject to credit ratings "lottery" Small businesses face a “lottery” when being assessed by leading credit ratings agencies, research seen by the Sunday Telegraph has revealed. An analysis of 100 private companies’ credit reports found Dun & Bradstreet (D&B), Experian and Creditsafe recommend vastly different credit limits to the same businesses – with an average variation of 150%. Experts said the “huge variations” could jeopardise entrepreneurs’ ability to gain credit from suppliers and raise finance – and even put them out of business in extreme circumstances. Sunday Telegraph Try the caju and ceviche Top chefs are predicting a wave of exciting new dishes from South America in the UK Some predict the potential of Latin American-inspired menus could see restaurants and food shops quickly springing up nationwide. Next month, pioneering restaurateurs David Ponte and Jamie Barber are set to launch Cabana, a Brazilian barbecue, in London's West End and at Stratford's Westfield shopping centre. Two more restaurants, Ceviche in Soho and Lima in Shoreditch, both in central London, are also due to open next year. The South American-inspired restaurant chain Las Iguanas is opening in Newcastle and Sheffield this month, while Rodizio Rico, which has four Brazilian restaurants in London, will expand to Birmingham, and the Argentine grill De la Panza ("All about the belly") opened in Islington, in north London, this month. Independent on Sunday