What the Sunday papers said

City banks planning a rival to the London Stock Exchange have earmarked up to £10m to build a trading system and have even identified potential board members. Seven investment banks stunned the Square Mile last week with plans for a trading system rivalling exchanges in London and the Continent. - Mail on Sunday​

The wine industry has scrabbled to protect itself from a flood of cheap imported alcohol ahead of a European ruling this week. Drinkers will be able to bypass British firms and have wine and cigarettes bought elsewhere in the EU delivered straight to their homes without attracting the extra duty payable at the UK border, if a case before the European Court of Justice succeeds. - Sunday Telegraph​

Revenue & Customs are to host a high level meeting to try and solve a possible PAYE crisis. Next spring, Good Friday will fall on April 6 - the start of the tax year - for the first time since the introduction of PAYE in 1944, which has caused widespread concern as no one can be paid through Britain's electronic system on a bank holiday. - Mail on Sunday​

Supermarket bosses have expressed concerns over rising costs and likely delays to the Competition Commission's enquiry into the grocery sector. - Sunday Telegraph​

Bosses are being told they face jail if they give jobs to illegal immigrants. In a hard-hitting new advertising campaign, Home Secretary John Reid is targeting employers in industries most likely to cash in on foreigners sneaking into Britain to find work. Leaflets to 500,000 bosses carry a stark warning of the punishments they will face for employment illegal immigrants. - Sunday Mirror​

A year after the Licensing Act, not a single pub in Britain opens 24 hours a day. - Sunday Mirror​

There is considerable interest in the make-up of Enterprise Inns in the run up to their full-year figures, published this week. Owner Ted Tuppen has said tenants and leaseholders will bear the brunt of any impact form the smoking ban. The company has partly addressed the issue by offloading to Admiral Taverns those of its pubs that were more at the beer and fags end of the spectrum. The market has bought the argument and Enterprise's share price has risen by 75p in the past month following 20 per cent upgrades by analysts. - Independent on Sunday​

Billionaire Simon Halabi plans to build a leisure empire to rival the best hotel and country club chains in the world. Sources said that one obvious target for the tycoon was David Lloyd Leisure, the racket club business owned by Whitbread. Alan Parker, Whitbread chief executive has so far fended off predators by overseeing several disposals, including the majority of its Beefeater and Brewers Fayre restaurants, the Mariott hotel business and returning cash to shareholders. - Mail on Sunday​