What the Sunday papers said

Despite the company's share price climbing from last summer's 289.25p to its current 363p, the Sunday Telegraph is sticking with its sell recommendation on pub operator JD Wetherspoon. The paper believes the chain's format has become tired and that significant investment and "preferably alert new management" is needed to breathe some life into its "dowdy, downmarket pubs". Bid speculation surrounding the company remains rife but any offers - and none have so far materialised - would require the backing of management, which owns a substantial stake in the business. - Sunday Telegraph​

A possible strike by Australian wine workers threatens to disrupt supplies of some of the UK's best-selling wines. Staff at the Stanley Winery in Victoria, south Australia, staged a 24 hour strike last week in a row over pay, and industrial action is in danger of escalating into an eight week walk-out. The winery is part of the Hardy Wine group, which produces Hardy and Banrock brands and is owned by US drinks giant Constellation. - Independent On Sunday​

Belgium's InBev has stolen a march on its rivals by becoming the second largest brewer in China, following last week's $755m deal to by that country's Sedrin Brewing Company. The deal gives InBev a 12 per cent share of total Chinese beer sales, only point behind Tsingtao, itself a quarter-owned by Anheuser-Busch of the US. Despite paying 13 times the enterprise value for Sedrin, InBev states it believes the deal will become earnings enhancing as soon as it is completed at the end of the year. - The Business​

R20, the company owned by Robert Tchenguiz and which numbers the Laurel Pub Company among its portfolio, is believed to be teaming up with Esporta, the privately owned health club chain, to mount a £150m bid for Next Generation, the health club group controlled by David Lloyd. Next Generation, which owns the Harbour Club in Chelsea, west London, is valued at around £220m. - Sunday Telegraph​