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In the papers today - September 7

London City could be the next British airport to fall into foreign hands as the shortlist of around six bidders includes only one UK company. Construction group Balfour Beatty has teamed up with US bank Merrill Lynch to bid for the Docklands airport, which handled almost 2m passengers last year - The Telegraph
Capita has been contracted to develop a system geared towards penalising the drivers of polluting vehicles in London as part of a wider initiative to reduce pollution in the capital. The scheme could come into effect by 2008 when heavy vehicles face stiff penalties unless they comply with stringent emission standards set by the European Union - The IndependentBAE Systems is to hand back up to £500m to shareholders after confirming last night it will sell its 20 per cent stake in the commercial aircraft builder Airbus. After a board meeting, BAE announced it had decided to bale out of Airbus because of the 'challenging short- to medium-term outlook' for the business and the 'significant' investment it would have had to make if it retained the shareholding - The IndependentThe German owners of Thames Water are taking an estimated £400m out of the business and loading it up with more debt in advance of the planned sale of the company later this year. A complex financial restructuring of the business announced yesterday by RWE will have the effect of increasing Thames' gearing from about 50 per cent now to 65 per cent through the issue of new bonds - The Independent

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