WHAT THE OTHER PAPERS SAY THIS MORNING

THE TIMES

BRISTOL DEAL GOES WITH THE FLOW
Bristol Water yesterday became the latest British utility company to change hands. The West Country water company, which supplies 1.1m homes in and around Bristol, has had 70 per cent of its shares sold to Capstone Infrastructure, an asset investment fund that used to operate as the Canadian energy and utilities arm of Macquarie.

FINANCIAL TIMES

HEDGE FUND BEARS WIN BETS IN EURO CRISIS
Bearish hedge fund managers have reaped some of their biggest gains since the collapse of Lehman Brothers amid the market turmoil triggered by the eurozone debt crisis. August and September have seen funds run by industry giants reap strong gains as stock markets around the world have plunged and peers languished.