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In the papers - Wednesday, 16 April 2008

Two British Airways executives lost their jobs yesterday as the airline tried to quell public anger stemming from the shambolic opening of Heathrow's long-awaited Terminal 5...

...A week after BA cancelled almost all of its long-haul flights from Terminal 4 because of continuing problems at the new £4.3bn facility, the airline announced that the operations director Gareth Kirkwood and the customer services director David Noyes would be "leaving the company" - The Independent

Group Eurotunnel improved the investment case for subscribing to its planned 900M (£725M) rights issue with strong first-quarter revenue growth. The operator of the Channel Tunnel said revenues for the first three months of 2008 rose 15% to almost 188M, compared to last year, boosted by sustained increases in both shuttle and rail traffic - The Daily Telegraph

Britain's two leading low-fare airlines, easy-jet and Ryanair, are planning to withold part of the landing fees due at Gatwick and Stansted airports in protest at the hikes in charges imposed by airports operator BAA. Their proposed move comes after the Civil Aviation Authority, the air transport regulator, permitted BAA to raise charges at Gatwick by 21% from the start of this month and by 7% at Stansted - The Daily Telegraph

The sale of British Energy should be made far more transparent given that it will prompt a 'seismic change' in the energy sector, Alan Duncan has warned - Financial Times

Buyers of carbon credits should be aware of the poor quality of some of the credits on offer, according to a new study of the market to be published by Environmental Data Services, an environmental research specialist - Financial Times

The Spanish utility group Iberdrola said yesterday it was evaluating the opportunities within Britain's nuclear industry but that any move would have to meet its strict rules about value creation for shareholders. The company, which owns Scottish Power, is one of a number of European utilities that have been seen as a possible bidder for British Energy, others being France's EDF, German companies RWE and E.ON, and Centrica in Britain - The Guardian

A study by scientists suggests that the explanation for the Titanic disaster that occurred 96 years ago this week may be as mundane as second-rate rivets. In their book What Really Sank The Titanic, Jennifer Hooper McCarty and Timothy Foecke argue that the vessel's manufacturer, Harland and Wolff, was under great pressure to secure enough iron to make 3m rivets to stitch the ship's metal plates at a time when there was a shortage of available top quality iron and the skills to make the rivets - The Guardian

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