WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

Posen in parting shot at King
An outgoing member of the Bank of England’s Monetary Policy Committee has challenged the governor Sir Mervyn King for his insistence that central banks should buy only government bonds in quantitative easing programmes to stimulate growth.

G20 plans response to rising food prices
G20 countries are to step in to try and co-ordinate a response to surging food prices, after the worst US drought in half a century.

THE TIMES

Big Four attack plan to raise fines
Top accountants have hit back at plans by auditing regulators to drastically increase the fines they will face for misconduct, describing the proposals as “irrational” and “fundamentally misconceived”.

Barclay bros hotel deal deemed legal
The Barclay brothers moved close to seizing control of Claridge’s, the Connaught and the Berkeley yesterday after the High Court dismissed allegations they acted illegally in seeking to acquire them.

The Daily Telegraph

Banks could learn from Games
Banks “could learn a thing or two about fair play from the Olympic movement”, said the Bank of England’s Mervyn King.

Shareholders call for Anglo American chief Carroll’s exit
Cynthia Carroll, chief executive of Anglo American, is under attack from shareholders who have demanded an immediate change of management.

THE WALL STREET JOURNAL
EUROPE

Before Vacation, a Sandy IPO
The US IPO market is delivering one last deal before it settles into its usual summer hiatus. Hi-Crush Partners LP produces sand used to improve the recovery of oil and gas during hydraulic fracturing, known as fracking.

Barnes & Noble Cuts Nook Prices
Barnes & Noble Inc. dropped the prices of all three of its tablets yesterday, including slashing $50 from its 16 GB Nook Tablet.