Newspaper round-up

LONDON (Reuters) - Here are the business headlines from Tuesday's newspapers.

Financial Times

MINISTERS WARY OF RISK-SHARE PENSIONS

Ministers have decided against implementing changes to the pensions bill that the Association of Consulting Actuaries claimed would make it easier to introduce more "risk-sharing" pension schemes. Despite initiating consultations on the matter, pensions minister Mike O'Brien said he would not be making amendments when the bill reaches its final parliamentary stages this autumn. O'Brien added that legislation could be added to a welfare reform bill that has been promised for 2009 if the consultation finally backs the changes.

INDUSTRY TO FIGHT TOBACCO DISPLAY BAN

Tobacco firms and retailers are preparing to oppose proposals that would see the end of vending machines and put tobacco products out of sight by relegating them to beneath shop counters. A consultation period on the Department of Health's "future of tobacco control" document ends in September, but the Association of Convenience Stores claims that not all options have been considered. Bob Dyrbus, finance director of Imperial Tobacco (IMT.L) said: "We believe that product display restrictions are unnecessary, ill-conceived and will not deliver the government's stated objectives to reduce tobacco consumption".

HOMES FOR RENT EXCEED DEMAND

The latest figures from the Royal Institution of Chartered Surveyors reveals that the supply of rental accommodation rose at a record pace in the last three months, surpassing the rise in demand from tenants. The lettings survey showed that while people had been forced into rental accommodation due to difficulties obtaining mortgages, record numbers of homeowners were being forced to let out properties they are unable to sell. Estate agents in London and the South East have already started to see downward pressure on rents amid heightened competition between new landlords. Jane Ingram, head of lettings at Savills, said: "It has been much more of a tenants' market."

TUBE STAFF ACCUSED OF 'POLITICAL' STRIKE