WHAT THE OTHER PAPERS SAY THIS MORNING

THE TIMES

TASTE FOR SCOTS ALES LIFTS WELLS AND YOUNG’S INTO TOP THREE
Two of Scotland’s best-loved ales will be marketed to English beer drinkers — and further afield — after the Bedford brewer Wells and Young’s swallowed the McEwan’s and Younger’s brands yesterday in an estimated £20m deal. The purchase from Heineken UK propels the firm into the top three premium ale brewers.

FINANCIAL TIMES

BLACKROCK JOINS CALL FOR ACTION ON ETFS
The world’s leading provider of exchange traded funds, BlackRock, has backed calls for tougher safeguards for the investment products to deflect the rising tide of regulatory concerns about the systemic risk posed by the fast-growing market. The firm has called for higher standards of disclosure.