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Business digest

The Reuben brothers are poised to snap up Ayr racecourse, home to the Scottish Grand National, in a £12.5m deal

Forget Glastonbury and head to Valencia

The Benicàssim International Festival has become an Anglophile affair after Vince Power bought out its Spanish promoters

Fuller’s defies downturn

Record low interest rates, good weather and a clampdown on costs, including a pay freeze, help brewer to higher profits

SABMiller passes Diageo as No 1 drinks company

The brewer of Miller and Grolsch plans to save $300 million a year by 2014 through cutting costs as profits rise 6%

Ladbrokes to close Aintree call centre

Bookmaker says UK-based phone betting operators are being 'severely impacted' by competition from offshore operators

SABMiller beats first-half forecasts

Reported results of Grolsch and Peroni brewer are held back by currency moves but effects should start to ease

Hotel snapped up amid £1bn of bids

Park Inn London, formerly known as the Bonnington, in Bloomsbury sold to Crimson Hotels for more than £45 million

Pubs will stay subdued, says Enterprise Inns

Another difficult year is expected for the industry as the recession drags on and supermarkets continue discounting alcohol

Britain demands a bottle of the good stuff

Middle England’s love affair with fine wine is helping two of Britain’s biggest wine sellers to see off the recession

Britain demands a bottle of the good stuff

Middle England’s love affair with fine wine is helping two of Britain’s biggest wine sellers to see off the recession

Travelodge opens in Edinburgh and Manchester

The hotels group will recruit staff from Job Centre Plus as it adds ten new sites to its British network

The lure of the green baize drags Kelly back

The boss of Rileys, the snooker club chain, talks about pre-packs, darts and next year’s football World Cup

Presents are better in a gift-wrapped Bokks

Luxury presents, which can be anything from a yacht to champagne to a tour of Titanic, are on offer from a new company