Thursday Papers: tips and comment

Financial Times

The Lex Column

* Eurozone sovereign debt - Greek debt rescheduling is the elephant in the room stress tests conveniently ignored.

* Social networking - valuations have all the credibility of a parlour game.

* ArcelorMittal - outlook hinges on passing on cost increases.

* Telefónica / Portugal Telecom - all parties will claim victory but investors should ignore the spin.

Lombard

* Vedanta’s bad press risks undermining its image - Virgin’s telling delay.

Other Comments

* Publishers need to be more creative - super-agent Andrew Wylie is right when he says print publishers must be more astute.