Johannesburg Fibreglass igloos have been built for a colony of African penguins to replace nesting grounds affected by commercial damage.
The igloos on Dyer Island, near Cape Town, are seen as the last chance to save the colony, which has dwindled to 5,000 from 25,000 in the 1970s. The Times
Airbus, the European aircraft maker, is expected to announce further significant delays in the early delivery schedule for the A380 superjumbo. According to Les Echos , the French sister newspaper of the Financial Times, Airbus is likely to be able to deliver only four A380s next year, less than half the revised level announced by the group in June. The Financial Times
Feuding French politicians yesterday gave a big boost to the planned Eu72bn ($91bn) merger of Gaz de France and Suez by agreeing to vote on the state-controlled gas group's privatisation on October 3rd. The decision came as the two companies were preparing to submit today a list of concessions to assuage European competition concerns over the merger. The Financial Times
The final joint will be welded in a new high-speed rail line between Paris and Germany today as France celebrates the 25th anniversary of a train that has shrunk the map and transformed the life of the country. Dominique de Villepin, the Prime Minister, is officiating at the ceremony at Chauconin-Neufmontiers, which finishes the £2 billion route of the TGV-Est, the eastern train à grande vitesse. Trains running at up to 200mph (320km/h) will put Rheims within a 45-minute commute from Paris and bring Strasbourg within 2 hours 20 minutes instead of 4 hours. The Times
Fresh doubts were cast over the Government's plans to raise some £3bn from the sale of shares in British Energy yesterday after the nuclear power producer warned that output this year would be further hit by cracks in some of its reactors. The warning sent British Energy shares 8% lower, wiping nearly £500m from the value of the Government's 65% holding in the company. Since late July, when the Trade and Industry Secretary, Alistair Darling, confirmed that the Government intended to proceed with the disposal of part of its stake through a public offer, British Energy shares have fallen by 16%. The Independent
Shares in construction company John Laing rose sharply as investors speculated that a rival bidder may seek to trump the £887m agreed takeover by fund manager Henderson. Laing's closing price was 9p above Henderson's 355p-a-share offer, which yesterday received the backing of Legal & General, the public sector infrastructure group's largest shareholder. The shares were up 23p on the day. The City rumour mill had Spain's Ferrovial and Australia's Macquarie as possible rival bidders, but private equity groups were also tipped as weighing up their options, including 3i, which has been buying up infrastructure assets. However, Henderson has secured an £8.9m break fee from Laing should a rival gatecrash the deal. Laing is not thought to have been in talks with other bidders. The Telegraph
Gazprom, the Russian gas group, turned up the heat on Shell and intensified a growing international row yesterday by stopping talks over buying a stake in the troubled $20bn (£11bn) Sakhalin project. The move comes a day after the Russian authorities withdrew Shell's operating permit, sending shock waves through foreign investors. The European commission said it took 'very seriously' Russia's decision to revoke Shell's environmental approval for Sakhalin-2, the world's biggest liquefied natural gas project. The Guardian