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What the papers sayBack

Oil_platform_P-51_(Brazil)

The Financial Times

Business

Buyout groups hunt for energy acquisitions

Private equity groups including Carlyle and Blackstone are to deploy billions of dollars in a hunt for acquisitions across the oil and gas industry, with a collapse in oil prices expected to lead to a wave of asset sales.

Explorers hold high hopes for oil prospects off Falkland Islands

Buenos Aires began issuing 50-peso notes this month featuring a map of the Falkland Islands, designed to remind citizens of Argentinian’s continued to remind citizens of Argentinia’s continued claim over the UK dependent territory it unsuccessfully invaded in 1982 and calls the Malvinas.

Vitol profits rebound on back of oil price fall

Vitol, the world’s biggest independent oil trader, saw a sharp recovery in profits in 2014, aided by more favourable market conditions towards the end of the year.

EnQuest vows to cut costs

EnQuest, the North Sea oil operator, promised to boost investment and cut production costs as its chief executive hailed newly announced cuts in UK taxes on oil producers.

 

The Times

Roads plan for mini motorways across UK

A new class of continental-style “expressways” will be developed as part of an £11billion roads revolution to be announced next week. The busiest A roads will be upgraded to become “mini motorways” – stripping out roundabouts and traffic lights, introducing entrance and exit slip lanes and restricting bicycles and slow-moving vehicles, such as tractors, to keep traffic moving.

Labour plans further tax rises

Labour will announce more tax rises to plug a £1.5 billion gap left by George Osborne’s raid on its campaign warchest, a senior figure in the party said yesterday.

Auto Trader speeds off starting line

Shares in Auto Trader motored ahead on their first day after the largest initial public offering since Royal Mail. Britain’s biggest online car seller, which is owned by Apax, the private equity firm, priced its shares at 235p each, giving the company a market capitalisation of £2.35 billion.

 

The Daily Mail

Billions boost Northern tavel

Multi-billion pound plans to ‘revolutionise’ travel in the North of England will be unveiled today. Part of George Osborne’s ‘Northern Powerhouse’ strategy, they include new rail routes that could see 140mph trains reduce Liverpool to Manchester journey times to around 20 minutes.

The Daily Telegraph

Renewable targets ‘will add £226 to household energy bills by 2020’

Green levies on energy bills will treble by 2020 because of renewable targets, official figures suggest. The cost of environmental levies for projects such as wind farms, solar panels and biomass plants will rise from £3.1billion last year to £9.4billion by the end of the decade, according to the Office for Budget Responsibility (OBR).

Posted by Lois Hardy on 20/03/2015