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In the papers today - July 4th

Transport for London hit back in the £2bn dispute with Metronet yesterday by arguing that the maintenance company deserved no financial compensation for huge cost overruns.
In a submission to the civil servant refereeing the row, the publicly owned body that runs the London underground network said Metronet should not receive a penny more of public money - The GuardianThe energy industry warned yesterday that government targets of keeping Britain's oil and gas production at 3M barrels a day by 2010 look like being missed. North Sea competitiveness is falling and financial backers are losing confidence in the wake of tax increases introduced 18 months ago - The GuardianThe torrential rain that created the wettest June on record looks set to continue in July, said forecasters yesterday, with some experts predicting the wet and cold weather will continue until at least September and possibly into next year. Piers Corbyn, the director of Weather Action, which provides long-range predictions to energy companies and farmers, said July was going to be extremely lousy - The Daily Telegraph Heathrow airport was thrown into chaos yesterday as a security scare closed Terminal 4, causing more than 100 British Airways flights to be cancelled. The disruption, which also led to BA flights from Terminal 1 being delayed, was started by the discovery of a suspect package as the security alert continued to grip Britain - The Daily Telegraph

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