Newspaper review: Papers make gloomy City forecasts

Published

More gloomy financial predictions surface in several of the papers.

Lloyds Banking Group's return to profit is too early for champagne as it still draws funds from the Bank of England, government and EU, the Sun tells us.

Controversial farm

The Daily Mail leads on a claim that the farmers at the centre of the cloned meat row own a further 96 cattle sired by a bull which was born to a clone.

It says all the big supermarkets made it clear they would not touch milk and meat from clones or their descendants.

And the Times reports that the Chinese government is the mystery backer behind a bid to buy Liverpool Football Club.

'Fire and brimstone'

The US president's announcement that most of the oil spilt in the Gulf of Mexico had gone was widely covered.

Barack Obama's "fire and brimstone" condemnations have caused enormous damage to BP and Anglo-American relations, the Daily Express reflects.

The Daily Mirror hopes the industry will learn the lessons of what it calls "this disastrous episode".

Bog standard car

It says a missing police phone log has come to light which backs Jeremy Bamber's long held claim of innocence.

The "Bio Bug" is a Volkswagen Beetle - powered by methane from human waste.

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