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In the papers today - Tuesday 26 August

The owners of Manchester Airport have formed a bid team and have begun talking to infrastructure funds and sovereign wealth investors about a potential approach for Glasgow and Gatwick airports...

...However, Manchester Airport Group said there was “no way” it would pay some of the valuations for the airports mentioned since the Competition Commission issued its damning report of BAA and called for its break-up last week - Daily Telegraph

A stark warning that Britain’s worsening economy will cause “difficult social issues” heaped fresh pressure on Gordon Brown yesterday, as more members of his Government broke ranks to demand a windfall tax. The Prime Minister faces the prospect of the resignation of at least one ministerial aide if he fails to impose a new levy on energy companies’ profits - The Times

Some of Britain's biggest companies will take the axe to shareholder dividends this week amid escalating fears that the global economic slowdown could be the most severe since the Opec oil crisis of the 1970s. Investors in Bovis Homes and Taylor Wimpey, the housebuilders, Pendragon, the car dealer, and Johnston Press, the regional newspaper publisher, are all expected to see their payouts fall significantly. More pain is expected in the coming weeks as scores of companies strive to trim costs and survive the toughest economic climate for decades - The Times

The London 2012 Olympic Games should cost no more than £6.5bn, according to PY Gerbeau - almost £3bn less than the present estimate. Mr Gerbeau, formerly a bid adviser to Barbara Cassani, who first led London's successful 2012 bid only to be dropped in favour of Lord Coe, said that he had watched in horror as the bill for the Games had soared to £9.3bn - The Times

Wind turbines kill more bats than birds becasue of the sudden drop in air pressure which occurs near the blades, scientists said. The flying mammals have large, pliable lungs which expand when exposed to a drop in pressure, causing damage - The Independent

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