What the Sunday papers said

Mitchells & Butlers has received around 10 initial offers for the 100 or so pubs it put up for sale last month. The managed pub group is believed to be sitting on bids from Punch Taverns, Enterprise Inns, Greene King and GI Partners. Such has been the interest in the pubs that it is confident it can beat analysts' sales expectations of £125m. - Sunday Times​

JD Wetherspoon is alleged to have illegally funded the purchase of £700,000 of its own shares, according to an adviser locked in a multi-million pound High Court battle with the group. The court will hear that Wetherspoon required property adviser Van de Berg to spend eight per cent of its monthly retainer on shares in the pub chain, in contravention of the Companies Act. Wetherspoon said it will contest the charges. - Sunday Express​

Brixton, the property group, is buying the British home of Guinness, a 24 acre site at Park Royal in west London, for £47m. Brixton is buying the site from Diageo, the drinks giant that owns Guinness, and intends to turn it into a 500,000 square foot industrial and business park. - Sunday Times​

Sapporo, Japan's third-largest brewer, has shelled out nearly C$400m for Sleeman, one of Canada's largest beer makers. The Japanese group is understood to have outbid Molson, Labatt and Grolsch in order to secure the deal, which equates to 14 times EBITDA, toward the high end of industry multiples. - The Business​

Appointed the new boss of Pepsico, Indian-born Indra Nooyi overnight becomes the most powerful woman in corporate America. Only16 per cent of upper management in US companies is female and only 10 other women are chief executives of the top 500 companies in America. - The Business​