Both the Telegraph and the Times leads with a bad day for the city of London

City hit by biggest crisis for a decade says the former
Britain's golden economic era is facing its final days with financial markets suffering their worst crisis in a decade, analysts warned last night.On one of the worst days in recent stock market history almost £56 billion was wiped off the value of London's leading firms amid worldwide panic.
Experts predicted that the turbulence could have knock-on effects for all British households, depressing the housing market, potentially pushing unemployment higher and plunging pension funds into deficit.

Panicking investors fuel stock market fall reports the Times

yesterday as panicked investors rushed to pull out their cash amid fears of a mounting crisis in global financial markets.
The FTSE 100 index of leading shares in London suffered its worst fall in seven years despite central banks around the world taking the unusual move of pumping $323 billion (£159 billion) cash into the system to ward off fears of a widespread credit crunch.

The Guardian reports that

The European Central Bank had earlier pumped a further €61bn (£41bn) into the money markets to fend off the threat of a credit crunch, where the availability of loans dries up and interest rates soar. The ECB had provided an unprecedented €95bn on Thursday to ensure liquidity in the markets and keep a lid on short-term interest rates.
The world's central banks have now injected $323bn (£160bn) into the money markets over the past 48 hours, equivalent to a quarter of Britain's entire annual economic output.

It leads though with

Police to use terror laws on Heathrow climate protesters

Armed police will use anti-terrorism powers to "deal robustly" with climate change protesters at Heathrow next week, as confrontations threaten to bring major delays to the already overstretched airport.
Up to 1,800 extra officers will be drafted in to prevent an estimated 1,500 people disrupting the airport over the period of the camp for climate change, which is due to begin on Tuesday. The police have been told to use stop and search powers against the protesters, who have pledged to take direct action on August 18 and 19 but not to endanger life.

Immigration-the latest crackdown is the front page of the Independent

As the eagerly anticipated Premier League football season kicks off today, clubs are coming under pressure from ministers to increase the number of home-grown players, amid fears that the English national side is suffering from the dominance of foreigners in domestic teams.
James Purnell, the Culture Secretary and an Arsenal supporter, has indicated that he wants clubs to devote more money, time and effort to nurturing talented young British footballers, rather than filling their squads with overseas stars. Mr Purnell has privately conveyed to the football authorities his dismay at the way some clubs are failing to encourage domestic talent as they spend huge television revenues.

The Maddy case still features on some of the front pages

Show us the proof says the Mirror

Madeleine McCann's parents yesterday begged police to produce the evidence if they believed their daughter was dead.
Kate and Gerry McCann, targets of a poisonous campaign trying to link them to Madeleine's disappearance 100 days ago, spoke out amid claims a new British suspect had been identified.
Gerry, 39, said: "Everything we have done has been in the belief that Madeleine was taken alive.

NEW BRITISH SUSPECT reports the Express

<100 Days of Pain says the Sun

THE disappearance of four-year-old Madeleine McCann exactly 100 days ago shocked the world.
Her abduction from an apartment in Portugal turned a family holiday into a nightmare.
And the lives of her parents, Kate and Gerry, were changed, horribly, forever.


Death of the morning post is the lead in the Mail

Almost two-thirds of homes and businesses will be condemned to afternoon deliveries under fiercely contentious Royal Mail plans.
The proposal, hidden away in a consultation paper, signals yet another downgrading of a once first-class postal service.
It will infuriate consumer groups and small firms who see morning deliveries as their lifeblood.

We’ve got foot-and-mouth under control, health experts tell Brown says the Times

Veterinary and animal health officials were increasingly optimistic last night that the outbreak of foot-and-mouth disease was under control. They were so confident that it would be contained within the original 3km (two-mile) protection zone that they were able to advise the Prime Minister that it was unlikely to spread any farther.
Gordon Brown declared Britain “open for business” after the publication of an epidemiology report which concluded that any further outbreaks were most likely to occur no more than a short distance from the original infection. Mr Brown said: “We have restricted the disease to a limited area of this country. The risk of it spreading out of these areas is low, if not negligible.”

It's up to you now Gordon Brown says the Telegraph.

In an open letter from Clive Aslett he says

Last week, in these pages, I wrote that despite floods and other quasi-Biblical plagues, farming was beginning to emerge from the figurative Seven Lean Years (actually, about double that) it had been suffering. adding

For a decade, this Government has done little more than try to keep the lid on what it views as a declining industry full of obstreperous and irrelevant countrymen whining about badgers, hunting and the like. When it has needed to act decisively in the interests of the countryside, it has failed to do so.


Both the Indy and the Guardian report on

Tony Wilson, founder of 'Madchester', dies after battle with kidney cancer

Tony Wilson, the record label supremo, broadcaster and ultimate son of "Madchester", has died after a battle with kidney cancer.
The pop impresario and nightclub owner, credited with helping put Manchester on the map for its vibrant music culture, died in hospital last night.

The Guardian says that

The Salford-born journalist brought bands including Joy Division, New Order, the Happy Mondays and James to a wider audience. His record label's pioneering approach to design and architecture also helped kick-start Manchester's transformation into a European cultural centre.

Staying with the Guardian and it reports

Judge upholds restriction on Alzheimer's drug

Drug companies and campaigners yesterday lost a high court appeal for people in the earliest stages of Alzheimer's to be prescribed on the NHS a £2.50-a-day drug which is said to provide relief from the symptoms and respite for families.
In a complex judgment, the body that decides which treatments should be available on the NHS was told its guidance breaks the law by discriminating against people with learning disabilities and those who speak limited English.

Bitter blow as court rules Alzheimer's drug ban still stands is the Mail's headline

According to the Times

Breakdown of exam results may lead to lawsuits

Pupils are to be given a question-by-question breakdown of their GCSE and A-level results over the next fortnight, which could give parents the ammunition to sue schools for poor teaching.
Edexcel, one of the country’s largest exam boards, will give heads feedback on the performance of all their students and teachers when they publish their results for the examinations, starting on Thursday. Not only will heads and teachers be able to compare results for questions across year groups, but some fear that parents and pupils will be able to do the same.


The Telegraph reports that

Democrat candidates woo gay voters

In a cosy, intimate atmosphere reminiscent of the Oprah Winfrey's chat show, Hillary Clinton and Barack Obama appeared in a Hollywood forum shown on the gay cable network Logo.
They fielded questions that included whether children should be taught why some pupils had "two mommies".
Mrs Clinton and Mr Obama, along with the other Democratic candidates John Edwards and Bill Richardson, walked a tightrope by endorsing "civil unions" while stopping short of backing gay marriage - a hot-button issue they feel cost their party dearly in the 2004 election.

The Indy reports that

Saudi police beat us up, say British Shia pilgrims

A group of British and American Muslims on pilgrimage to Mecca say they were illegally detained and brutally beaten by Saudi religious police.
The men, who suffered physical mistreatment as well as verbal abuse during their incarceration, claim they were arrested because they are Shia and Westerners. The Foreign Office is expected to raise the matter with the Saudi government although the authorities in the country say they have already started an investigation.

Meanwhile the Times reports that

After 20 years on death row, Briton is on the brink of coming home

Kenny Richey, 42, was condemned to death in 1987 for the aggravated murder of a two-year-old girl who died in a fire that he was accused of starting to exact revenge on a former girlfriend. The case attracted attention from the late Pope John Paul II and a former Archbishop of Canterbury and has been taken up by Amnesty International.
Richey, who is being held at the maximum-security Mansfield Correctional Institution in Ohio, was told that the Court of Appeals for the Sixth Circuit had ordered that he should be retried or released within 90 days.

Gordon's 5-point lead hits Cam reports the Sun

POPULAR Gordon Brown has won Labour a five-point lead on the Tories, a Sun poll reveals today.

The PM’s handling of the flood crisis is slaying troubled David Cameron — who was blasted for travelling to Africa when his Oxfordshire constituency was hit badly by the deluge.
In contrast, Mr Brown cancelled his holiday to take charge of the foot and mouth outbreak in Surrey.
Last night the Prime Minister shrugged off suggestions he should resume his summer holiday, saying: “The important thing is doing the job I have been asked to do.”

Natasha cops find body reports the Mirror

Police searching for teenager Natasha Coombs found a body yesterday close to where she went missing.
The grim discovery was made near the railway track at Manningtree - where her mobile phone went dead as she took a train home.
Essex police said the body had not been identified but they confirmed that is was that of a woman.

Finally the Independent reports on

The monks who made millions out of printer ink

Yesterday was another sticky day in western Wisconsin and Bernard McCoy rose early - 4am, in fact - to prepare for the day ahead as founder of his successful printer ink business. There would be no shooting off in the company plane or taking the purebred horses, recently purchased on healthy revenues, out for a canter. As on every Friday, it was his turn to clean the lavatories at corporate headquarters. It all started about 10 years ago, when the monks found themselves so strapped for cash their very survival was under threat. With rents from local farmers dwindling to nothing, they could barely mend the leaks in their moulding trailer home. One day, as he was searching on the web for ideas for a suitable business to raise new funds, Fr McCoy's printer ran out of ink. The cost of a new cartridge horrified him.

And now......

Last year's revenues were $4m and they are expected to rise to nearly $7m in 2007. Encouraged by their success, the monks have hired two lay people to run the business day-to-day and expanded into other office supplies, including furniture. A recent addition is a range of coffee products that go under the brand name, Benevolent Blends.