Thursday Papers: Exponent receives offers for Cardsave - tips, comment and bids

(Updated with Telegraph share tips)

Financial Times

* Exponent, which acquired Cardsave for £72 million in 2007, has received several unsolicited approaches for the Grimsby-based company, prompting the private equity group to hire KPMG to run an auction with an asking price of £125 million.

The Lex Column

* QE2: The rise of quantitative easing - How something few had heard of (or understands) now moves markets.

* China banks - After last year’s lending splurge, the age of irresponsibility is over.

* Japanese activism - Steel Partners selling down holdings is a pyrrhic victory for Japan Inc.

* Deutsche Bank - The bank’s rating may continue to lag behind peers.

* UK carbon tax - Competition-based mechanism has been killed by austerity.

* Constellation / EDF - Stars align for an asset swap after an ugly flare-up.

Other comment

* Editorial Comment: Setting priorities for the eurozone - A debt restructuring mechanism is essential but much thought is needed on how such a mechanism might work. The legal rights of non-European bondholders will require clarity.