What the other papers say this morning

FINANCIAL TIMES

Call to limit China’s UK nuclear stake
Chinese companies competing for one of the UK’s biggest nuclear projects are unlikely to end up with a majority stake in any winning consortium in an attempt to allay concerns about Beijing gaining control of the Horizon reactor programme.

Olympics effect on Scottish vote in debate
The planned 2014 referendum on Scottish independence may not go ahead, according to pro-union campaigners, who say they cannot see a way for the two sides to agree on the question that should be put before the voters. Ministers from the British government have been meeting their Scottish counterparts in recent weeks.

G4S to withdraw from Pakistan
G4S is set to pull out of Pakistan amid an increasingly hostile environment for foreign security companies. The FTSE 100 listed company, under fire over its failure to provide enough guards at the London Olympics, has agreed to sell the business to its chairman in the region for $10m.

THE TIMES

Asda goes on the attack over rivals that play basket bingo
Britain’s second-biggest supermarket group Asda has launched a withering attack on rivals for propping up sales with “unsustainable” voucher promotions.

Jools Oliver debuts at Mothercare
The debut collection of children’s fashion from Jools Oliver has hit the shelves at Mothercare, the troubled mother and baby retailer. The former model is the wife of the television chef Jamie.

The Daily Telegraph

Chancellor George Osborne needs radical rethink on policy
The chancellor must consider radical action including spending on infrastructure and abolishing stamp duty to put Britain back on the path to growth, according to leading economists.

Pension funds could back houses
The head of the organisation that will take control of the Olympic Park after the Paralympics wants overseas pension funds to help pay for housing developments, he said yesterday.

THE WALL STREET JOURNAL
EUROPE

Shell Arctic project at risk
Shell's $4.5bn plan to start drilling the first oil wells in U.S. Arctic waters in 20 years, isn’t going as hoped – illustrating the challenge of plumbing for natural riches in one of the world’s most unforgiving locations.

American’s flight attendants ratify contract offer
American Airlines flight attendants ratified a contract offer from the airline, sparing them from the more drastic terms it wanted to impose in bankruptcy court.