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In the papers today - Friday 16 May 2008

Wembley stadium made a £21.4M loss in its first year, and ran up pre-tax interest payments of £31.9M on loans...

...the company responsible for the stadium announced yesterday - Financial Times

Britain and the United Arab Emirates have signed an initial agreement for co-operation in peaceful use of nuclear energy. The agreement was signed in Abu Dhabi by Sheikha Lubna al-Qassimi, foreign trade minister, and Sir Digby Jones, Britain's trade and investment minister - Financial Times

Barratt Developments has unveiled what it calls the first zero-carbon house developed by a volume housebuilder. Barratt's Green House, which has been built at the Buildings Research Establishment in Watford, is packed with the latest technology, including solar panels, rainwater harvesting and an air source heat pump - The Guardian

National Grid chief executive Steve Holiday said yesterday his group would look at the possibility of acquiring E.ON's up-for-sale German electricity transmission business. Investors would expect the company to consider a deal, he said, but National Grid was happy with the shape of the current business, which last year delivered a 24% increase in pre-tax profits to £1.84bn - The Guardian

Consumers should be able to choose their water supplier according to plans to be announced today by the industry's regulator. Ofwat wants to open up the market to competition which would eventually see households picking a water supplier in the same way they do with gas, electricity or phone providers. That would lead to lower bills, improved customer service and new initiatives to tackle climate change, it said - Daily Telegraph

The apparent sharp fall in the number of new homes being built has been confirmed by official government data for the first time, adding to fears that national housing targets are increasingly out of reach - Financial Times

As a war of words rages over biofuels and their impact on world food supplies, researchers have in India are promting sweet sorghum as a crop that combines the best of both worlds. The plants, which grow three metres high in dry conditions, yield grain that can be eaten by people or animals. Their stalks can be used for bioethanol production and a crushed residue can be burnt or fed to cattle - Financial Times

Energias de Portugal is to press ahead with an initial public offering of up to 25% of its renewable arm - potentiall the biggest European float this year - Financial Times

Foreign rescue teams are joining the search for earthquake survivors as China reached out to its neighbours to cope with the aftermath of its most devastating earthquake in three decades. As the death toll in Sichuan province was officially predicted to reach 50,000 yesterday, there were warnings it could rise significantly higher now that rescue workers have cleared the way to the remote areas of the epicentre where entire towns collapsed in the 7.9 magnitude earthquake - The Independent

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