? More than 17% of Tesco's shareholders have opposed or withheld their vote on plans to award Sir Terry Leahy a 2.5 million share bonus linked to the success of the retailer's launch in the US. Shareholders are unhappy with the company's executive pay scheme, which could see Sir Terry net a share bonus worth up to £11.5m, said the paper. ? Foodservice provider Brakes has switched from one private equity owner to another, following its purchase by Bain Capital for £1.3bn. Bain Capital fought off bids from former Asda boss Archie Norman and private equity firms Blackstone, CVC and BC Partners to buy Brakes for more than twice what it cost five years ago. ? More companies are entering the bidding for the US drinks arm of Cadbury Schweppes, according to The Times. It reported that Tata, the Indian conglomerate, was considering a potential £7.5bn bid for the company, which includes the Snapple range of fruit drinks and iced teas. US private equity giant Cerberus Capital Management was another surprise bidder for the business, it said. ? Champagne producers are concerned that this year's vintage is going flat, following an unusually warm spring, according to The Daily Telegraph. This summer's harvest will be the earliest since records began, leading to concerns that the drink will lose its crisp, sharp quality and will fall foul of consumers in Britain - the biggest importer of champagne. ? Premier Foods' closure of six manufacturing plants and the axing of 580 jobs was inevitable, according to The Independent this week. The paper said Premier was streamlining its manufacturing base to cut some £85m of costs out of the RHM business, with work at each plant being transferred to five other factories in the group.

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