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In the papers - Tuesday, 18 March 2008

Energy companies yesterday expressed concern about the prospect of a takeover of British Energy, fearing it could lead to one company having a monopoly over the best UK sites for new nuclear reactors...

...After a report in the Financial Times that UBS had contacted energy companies to gauge interest in buying the UK government's 35.2% stake in British Energy, the nuclear group yesterday confirmed it was in talks with "interested parties". The company owns eight of the UK's 10 functioning nuclear reactors - The Financial Times

Graduates face a bleak summer of job hunting as companies cut back on recruitment programmes because of the crisis in the financial markets. This year's 270,000 graduates will be competing for 75,000 jobs, around a quarter the number of vacancies available in the past two years – Daily Telegraph

A penthouse flat has been bought for a reported £115M, breaking the world record for the most expensive home ever sold. The flat, at 8 St James's Square, London, has not yet been built and the development was only given planning permission last week – Daily Telegraph

Motorists are facing a significant increase in the cost of parking fines under new laws giving councils the power to issue fines up to £120 in London, and £70 elsewhere – Daily Telegraph

The world's computing power should be moved from desktop computers and company servers to remote computer and company servers to remote outposts where renewable energy such as wind and solar power is abundant, according to a Cambridge University computer expert. With carbon emissions from computing set to rise rapidly in the coming decades, he said his idea could significantly reduce the contribution made by computers to climate change - The Guardian

The government is in danger of losing credibility on climate change because more than half of all its departments are failing to reduce their carbon emissions enough to reach levels that the nation as a whole is expected to meet. Apart from the ministry of defence, which significantly reduced its emissions in 2005/6 following a part privatisation, central government now emits 22% more than it did in 1999, according to the sustainable development commission - The Guardian

Terra Firma, the private equity group led by financier Guy Hands, has stepped into the fray for control of Novera Energy, lining up the prospect of a bidding war for the wind farm developer. The approach from Terra Firma-owned Infinis, one of the UK's biggest renewable energy companies, comes after 3i Infrastructure, a separate private equity group, last month bought a 10% stake in Novera and said it was considering a full bid at 90p a share - The Financial Times

Stuart Siddell is to step down as finance director of Amec after more than seven years in the role. His departure signals a further break with Amec’s traditional engineering services past as Samir Brikho, chief executive, continues to reshape the business to focus on the growing energy and power sectors - The Financial Times

A new lighting system has been installed to mark the 750th aniversary of the dedication of Salisbury Cathedral. The lights have been designed to reduce power consumption and light pollution - The Times

British Energy is in talks that could lead to an offer for the nuclear power group as the Government takes soundings about selling its remaining 35.2% holding to speed up the revival of the nuclear industry – Daily Telegraph

Airports operator BAA has admitted to the holders of £4.7bn of bonds that the Competition Commission could scupper its plans to refinance £10bn of debt – Daily Telegraph

Villagers of Prestbury and Alderly in Manchester are making a stand against Premiership footballers buying up properties and bulldozing them to make way for grand mansions. Villagers are to hand a petition to the council leader calling for a halt to planning permission for such schemes - The Independent

Forecasters are predicting a cold and windy Easter weekend with snow, gales and heavy downpours in some regions - The Independent

Airlines that run empty "ghost flights" needlessly pumping hundreds of tonnes of carbon dioxide into the atmosphere should face heavy fines environmentalists have demanded - The Independent

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