What the other papers say this morning

NCIA

NCIAL TIMES

EU faces bacon shortage as herds fall
A global shortage of bacon beckons as European farmers continue to cull their pig herds in the face of higher feed prices, an industry association is warning.
Data showing the EU pig herd is declining “at a significant rate” in a trend mirrored around the world means a world shortage of pork and bacon “is now unavoidable”, according to Britain’s National Pig Association.

BASF to buy Becker Underwood
BASF is set to acquire Becker Underwood, a US seed treatment specialist, from Norwest Equity Partners for $1bn in the first big acquisition since Kurt Bock took over last year as chief executive of the world’s biggest chemical maker by sales.

Deutsche Bank offloads BHF unit Deutsche Bank yesterday announced its first significant business disposal under its new leadership, agreeing the long-planned sale of an unwanted private banking subsidiary.

THE TIMES

Thames to tap up industry
Thames Water is to step outside its heartland in London and the Home Counties and begin poaching large industrial and commercial users of water around the rest of the country.

Carphone Warehouse boss quits
The managing director of Carphone Warehouse’s British business has walked out before a restructuring that could result in hundreds of job losses.

The Daily Telegrpah

JJB Sports knew of tax issue
JJB Sports failed to report multi-million-pound tax errors to the taxman for more than a year after they were first discovered, despite warnings that a delay could lead to huge fines.

Michael Fallon lights red tape bonfire
Michael Fallon, the business minister, has promised to “chase ministers up and down Whitewall” to ensure the Government’s pledge to cut the regulatory burden on business is honoured.

THE WALL STREET JOURNAL

H&M Takes Heat for a Bikini Models
Fashion retailer H&M received a slap on the wrist from Sweden's advertising watchdog for a bikini marketing campaign, after complaints from cancer organizations that the bronzed model encouraged an "unhealthy tan."

Wal-Mart to Drop Amazon's Kindle
Wal-Mart is no longer going to serve as a showroom for Amazon.com Kindle devices.