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Civil engineering in the papers today - Friday 10 October 2008

The recruitment specialist Hays said yesterday that the fallout from the global banking crisis was beginning to hit the UK jobs market, with financial services and construction bearing the brunt.

The company, which places permanent and temporary staff, said that over the three months to the end of September like-for-like income, which strips out currency movements, was up 4% - The Guardian

The private sponsor of a troubled Middlesborough academy is holding talks with the government to dissolve its sponsorship, which would be the first time an academy backer has pulled out. Amey plc has said it is in discussions with the government about the future of its sponsorship of Unity City Academy, one of the first of the private-sponsored schools established under Labour - The Guardian

The partial privatisation of Germany's rail operator, Deutsche Bahn, has been delayed. The German government said yesterday that the October 27 timetable under which the initial public offering was scheduled had been disrupted by the global financial turmoil - The Guardian

Alistair Darling refused last night to bow to demands by town halls, police authorities and charities to protect £1 billion of taxpayers’ money held in Icelandic banks. After an emergency meeting between ministers and council chiefs the Chancellor agreed to give "appropriate" help in the severest cases - The Times

Passenger numbers at London Stansted airport will be allowed to rise by 40% to 35M a year after the government yesterday overrode objections from the local planning authority to approve an expansion plan. In the teeth of opposition from environmental groups, residents and local authorities, ministers backed a report by a planning inquiry inspector that approved its growth from the current capacity of 25M - The Financial Times

House prices fell at their sharpest annual rate for at least 25 years in September, pushing average prices back to close to the level last seen in January 2006, according to the Halifax house price index published by HBOS, Britain's largest lender - The Financial Times

The consortium behind the Shard of Glass, a proposed skyscraper at London Bridge that had been funded partially by Kaupthing, Singer & Friedlander, said it would not be affected by the Icelandic bank's nationalisation. Kaupthing and Nationwide had made a two-year loan to the consortium, which is led by entrepreneur Irvine Sellar - TheFinancial Times

France's state railway, SNCF, is pushing ahead with its cross-border expansion by taking a 20% stake in NTV, an Italian consortium that plans to launch Europe's first privately operated high-speed train service in 2011. Guillaume Pepy, SNCF president and Luca Cordero di Montezemolo, NTV chairman, yesterday told a Rome news conference that the exclusive deal ensured SNCF would not enter into any other high-speed train operations in Italy - The Financial Times

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