A 'generous' supermarket boss, oil and shareholding nuns - today's papers

Did the boss of one of Britain's biggest supermarkets really 'gift' half of his £4m stake in the group to his wife? It's our round-up of this morning's headlines...

The oil price has hit its highest level since the financial crisis, amid continuing supply fears over the conflict in Libya and renewed optimism about global economic growth. MORE...

The financier Nat Rothschild is in early talks with the former BP chief Tony Hayward and a senior Goldman Sachs banker about forming an investment firm to plough potentially billions of pounds in the oil and gas sector. MORE..

Four orders of nuns are demanding that Goldman Sachs overhauls its pay for top executives, in the teeth of public fury over excessive bonuses and after it was revealed that Lloyd Blankfein, the investment bank's chief executive, took home $19m (£11.7m) last year. MORE...

The risk is roughly one in seven that Europe's ongoing debt crisis will push members to abandon the euro, raising the spectre of the "effective end of the euro area." MORE...

Plans to tighten the capital rules governing European insurers from 2013 will have "dire consequences" on the industry if they are implemented in their current form, experts have warned. MORE...

Sainsbury's boss Justin King has handed half of his £4m stake in the supermarket group to his wife for "financial planning purposes". The move was announced to the stock exchange in a statement that revealed King had gifted 700,000 of his 1.32m shares to his wife, Claire. MORE...

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