Wednesday Papers: Vodafone sells China Mobile stake for £4.3bn - bid news and gossip

* Ocado chief Tim Steiner shrugs off dismal share price performance.

* Connaught appoints administrators after failing to secure new funding.

The Independent

* The leisure group Whitbread has said that revenues at its budget hotel chain Premier Inn have surged beyond pre-recession levels.

Daily Express

* Sports Direct said sales rose to £408 million in the 13 weeks to July 25, up from £375 million a year ago, boosted by World Cup.

* Invensys topped the blue chip gainers board yesterday, rising more than 7 per cent as investors piled in on talk of overseas bid interest.

Daily Mail

* Orange and T-Mobile merge networks so users can switch between them.