Sunday Papers: Fresh bonus fears as bank profits rise - other news

The Sunday Telegraph

* UK banks surged to profit in the first half, raising fresh fears that the industry might face a political clampdown through higher taxes and regulation; HSBC, Barclays, Lloyds Banking Group, RBS and Standard Chartered are set to reveal that they made up to £8.4bn, according to analysts; Osborne issued a stark warning to UK banks to keep a tight rein on pay and bonuses.

* The owners of BP's 11,300 US petrol stations are actively considering whether reverting to the traditional American Amoco brand might lead to a reversal in fortunes for the tarnished oil giant.

* ITV is to look to invest tens of millions of pounds in new programming as it seeks to turn around its fortunes following years of underperformance.

* The UK will see sluggish house price growth over the coming years according to the Centre for Economics and Business Research, as the Bank of England's Monetary Policy Committee prepares to leave interest rates on hold this week.

* Employers warned that unpaid internships could 'break law'.

* The central plank of the City watchdog's new bonus rules are "fraught" with legal problems which could lead to endless challenges through the courts, experts have warned.

* Motorists could face fuel shortages at the petrol pumps later this year after tanker drivers threatened to take strike action.

The Observer

* Employers target over-60s for forced retirement, says Age UK.

* Outgoing Corus boss paid £2m last year; unions angered by payout to chief executive who mothballed Teesside plant with loss of 1,000 jobs.

* Metro bank opens on Sunday as battle for high street hots up.