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In the papers today - 28th July 2008

Indian businesses are spending more on buying companies in the UK than in any other country, with acquisitions totalling £1.52bn in the first half of the year...

A report from Grant Thornton accountants today says Britain has become the number one destination for offshore acquisitions by Indian companies, in spite of gloomy economic conditions - The Financial Times

There is a "compelling rationale" for a windfall tax on the profits of energy companies, MPs argue in a report today. They also claim businesses and households are paying excessive fuel bills because of failures in the British energy market - The Financial Times

EDF's planned takeover of British Energy risks creating serious problems in Britain's electricity market, the companies' competitors and customers have warned. A deal valuing British Energy's equity at about £12.5bn is close to being agreed and it could be announced this week - The Financial Times

The six biggest enegy companies are conspiring to keep energy bills artificially high and the energy regulator is failing to protect the interest of the consumer according to a damning report from the Commons Business and Enterprise Committee - The Times

Some of the world's most famous fountains may soon create a much bigger splash. There are plans to overhaul the machinery to create a spectacle London has never seen: the originally planned 80ft plume of water for Trafalgar Square fountains - The Guardian

The price of UK farmland rose at its fastest pace on record in the first half of this year as commodity process continued to reach new highs, according to a Royal Institution of Chartered Surveyors survey released today. The average price of farmland surged by 24% in the first half of 2008 to reach £12,965 a hectare (2.5 acres) - the biggest increase since the survey began in 1995, the Rics rural market survey showed - The Guardian

A new generation of cyclists in Los Angeles, spurred on by soaring energy prices, has led to the city authorities rushing through a Cyclists' Bill Rights. A consultant has been hired to revamp the city's cycle lanes and come up with new initiatives - The Times

More than five million British passengers could be priced out of the budget holiday market as airlines raise their fares by 10 per cent this year, bringing to an end the era of cheap air travel. Prices are soaring because of increase oil prices - The Times

The British Museum has sparked a storm of protest from heritage groups over plans to build a £130 million modernist extension to the 19th century musuem to be designed by Lord Rogers - The Times

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