What the Sunday papers said

Mitchells & Butlers (M&B), which runs bar chains All Bar One and Browns, has given Robert Tchenguiz until May 8 to lodge a bid for the group. However Mr Tchenguiz may not have the financing he needs in place by this date. He is believed to be distracted by two other UK pub businesses he wants to buy and which he might go for if he fails to secure M&B. - The Business​

Robert Tchenguiz could launch a £4bn bid for M&B as early as this week. The property tycoon has recruited Kaupthing, an Icelandic bank, to complete his funding consortium. - Sunday Times​

Robert Tchenguiz plans a £2.5bn-plus bid for M&B within the next ten days, well inside the May 8 deadline set by the Takeover Panel. His R20 group is set to offer between 525p to 550p per share. Some experts are predicting he will have to pay as much as 600p per share if he to successfully unravel M&B's highly complex debt structure. - Mail On Sunday​

A few months after losing out to Punch Taverns in the race to buy Spirit Group, Robert Tchenguiz is back on the warpath. His interest in M&B is likely to see a bid of around 550p a share, valuing the company at £4.5bn, including debt. - Sunday Express​

Tobacco companies are planning to evade next year's smoking ban by giving pubs thousands of pounds to spend on their outside spaces. Pub car parks will be converted into gardens and ramshackle seating areas will be spruced up and kitted out with heaters, as the tobacco giants try to avert a catastrophic drop in business by channelling their advertising money into 'makeovers'. - Mail On Sunday​

Anheuser-Busch, the US brewing giant behind this summer's World Cup, is being barred from using the Budweiser brand in Germany because of a copyright dispute. A long-running row with Czech brewer Budweiser Budvar means the group cannot use the name in pitchside hoardings. - Independent On Sunday​