Wednesday newspaper round-up: Sainsbury's and Tesco in price war



LONDON (ShareCast) - New data has revealed Sainsbury (LSE: SBRY.L - news) 's is increasing the price of its food ahead of rival Tesco (Other OTC: TSCDF - news) , adding a fresh twist to the price row between the two supermarkets, The Telegraph reported.

Fitch Ratings has warned that the UK government's Help to Buy Scheme risks enriching builders and banks while jeopardising the country's fragile housing market recovery, according to The Times.

Walt Disney is heading for a writedown of up to $190m over the poor performance of its movie The Lone Ranger, the Financial Times revealed.

Britain's factories are lifting their output sharply amid signs that the pickup in the economy is spreading to the recession-battered manufacturing sector following upbeat production data on Tuesday, The Guardian unveiled.

Motor insurer esure's shares slumped below the 290p level at which they were valued when the company floated in March after releasing disappointing results on Tuesday, The Independent said.