Papers grade A-level results

Record A-level pass rates dominate the papers, with the Guardian reluctant to celebrate - "Is there any point in an exam which no one fails?" it asks.

The Daily Telegraph points to "falls in the numbers taking the traditionally hard subjects".

But the Independent says: "Congratulations are due all round."

The Times says future students could be asked to produce an additional 4,000-word dissertation "to break the logjam of applicants to top universities".

Drunks

The Daily Mail brands government plans to allow pubs to open 24 hours a day "a charter for drunks."

The paper says "drunken yobbery" already plagues British towns, and that only "brewers, distillers and inveterate pub-crawlers" welcome the plans.

The Financial Times says lack of demand for Google's initial share offering has "humbled the high-flying search engine".

But it adds that "the sale process worked as intended - by adapting the offer price to demand".

Rescues

The Daily Mirror and Daily Express feature dramatic pictures of landslides caused by heavy rain in Perthshire.

"Magnificent 999 rescue services save scores of motorists from terror in mud," says the Express.

The Mirror reports that "helicopter crews who saved scores of lives in flood-ravaged Boscastle" could lose their jobs due to defence cuts.

The European Environment Agency warns "Britain should expect more dangerous flash floods", reports the Guardian.

Medals

There's widespread relief at yesterday's Olympic successes, the Daily Express calling it: "The day Team GB started winning."

"Britain went medal mad yesterday," says the Mirror.

But apparently "It's Zeus wot done it - thanks to the Sun's prayer to the ancient Greek god yesterday."

The paper today urges readers to build their "very own Temple of Zeus" from toilet rolls and cereal boxes, in order to "keep the big man on side".