A round-up of the newspapers: Tuesday

 

A summary of the most important stories from the City pages of national newspapers.

3i Infrastructure pulls out of race for Gatwick amid doubts about funding - The Times

Debenhams and Arcadia thought to be frontrunners for Principles - The Times

Lloyds Banking Group has its credit rating downgraded by Moody's - The Times

Lloyds forks out hundreds of thousands to renew Chelsea Flower Show sponsorship - Daily Telegraph

Social networking site Twitter raises $35m and looks for ways to capitalise on popularity - Daily Telegraph

GM to unveil aggressive restructuring targets - Financial Times

Rio investors turn to BHP for alternative to Chinalco's cash - Financial Times

Trichet warns that short-term measures to solve crisis could sow seeds for future problems - Independent

India set to relax laws on foreign direct investment - Independent

Sellafield plant may be closed - Guardian

Marks & Spencer tells suppliers to slash costs to offset Sterling fall - Guardian

BSkyB prepares to launch digital music service to rival iTunes - Guardian