Newspaper round-up: 18 April 2007

Both the Daily Mail and the Times report on Bellway’s announcement that the strength of the property market has resulted in record half-year profit for the company. Pre-tax profit for the six months rose 15% to £100.8m.

The Guardian reports on Lord Woolf’s claims that building more prisons will not solve Britain’s jail crisis. He added that building more prisons would prove a hugely expensive short-term answer.

Tesco is planning to open 559 new outlets over the next 12 months, the Guardian reports today. The announcement comes as the supermarket giant announced a record profit of £2.7bn - a rise of 20%.