Wednesday Papers: tips and comment

Financial Times

The Lex Column

* European Central Bank - the ECB bond purchase programme reaches critical point.

* Cocoa - speculation is just one factor in rising prices.

* UK defence companies - BAE Systems’ discount to its peers seems hard to justify.

* Dell - corporate demand will help with the long climb back to respectability.

* Detroit decelerates - growth in US cars is running out of steam.

* RBS loans - the timing is ugly for a sell-off of non-core real estate assets.

* China property - preparing for a ‘comprehensive correction’.

Lombard

* Ocado is no Webvan but still requires a leap of faith - Sibir’s unhappy legacy.

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