What the Sunday papers said
The chief executive of hotel chain Travelodge is ready to call for resignation of Shaun Woodward, the minister in charge of tourism, if the government presses ahead with its plans to levy a five per cent 'bed tax'. Grant Hearn said if Mr Woodward wasn't going to support the leisure industry he would like to see him replaced by someone who would. "The UK is already one of the most expensive places in the world to visit. Tourists are already paying £80 for a visa - then when they arrive here they could get hit by another tax," Mr Hearn said. - Sunday Express
A survey by Patterson Associates for the Mail On Sunday has revealed that chief executive pay remains wildly out of line with company performance, half a decade after the government introduced regulations that it promised would create a clear link between directors' rewards and shareholders' returns. More than 40 out of 56 bosses of FTSE100 companies - 72 per cent - failed to deliver any shareholder value in the past five years. However some CEO's had been "incredibly good value", with brewer SABMiller among those leading the field. - Mail On Sunday
Dutch brewer Heineken plans an assault on the American beer market with its Heineken Light beer. The group currently has a market share in the US of just 3.5 per cent but hopes this figure will ri9se significantly with the boost in sales of its lower alcohol, lower caloried beer. It says it believes it can sell half a million barrels by the end of the year, 50 per cent higher than earlier projections. - The Business
Meanwhile Heineken has signed a multi-million pound deal to place its beers in the upcoming James Bond film starring Daniel Craig as 007. In return, Casino Royale will get global coverage via Heineken's advertising campaigns around the world. - Sunday Express
High street bar operator Regent Inns announces full results this Tuesday. Consensus forecasts are for pre-tax profits of £10.5m, up from £10.2m last year. - Sunday Telegraph