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What the Papers SayBack

The Financial Times

Scots push for extra powers over tax, jobs and welfare


The Scottish government has called for “substantial and serious discussions” with UK ministers on greater powers for Edinburgh, saying draft legislation being debated in Westminster is inadequate and incoherent.

Growth returns to pre-crisis levels for smaller businesses

Small and medium-sized enterprises have recovered from the recession, according to the Enterprise Research Centre, with growth and start-up rates returning to pre-2008 levels.

The ERC, an academic centre, found that by the end of 2014 the number of private sector jobs created since 2008 had exceeded those lost by 400,000.

Cuadrilla wins support for four fracking sites

Planning recommendation is important step towards drilling wells in Lancashire

Shale gas explorer Cuadrilla has been given the green light by planning officers to “frack” up to four wells in the Lancashire countryside near Blackpool, a move that is expected to lead to the first such UK drilling campaign in four years.

Companies and Markets

Electric car sales ready to move out of the slow lane

Cheaper, longer-lasting batteries will banish ‘range anxiety’, says industry

Fear of running out of battery has not held back the smartphone market. But it has crippled electric cars.

Now, however, some carmakers are increasingly confident that their electric vehicles are close to overcoming the dreaded “range anxiety”.

Europcar plans IPO to fund car-sharing push

Europcar will list in Paris this month with an equity value of up to 2bn Euro, as the continent’s biggest vehicle hire firm by market share seeks to pay down expensive debt and push into new car-sharing services.

The company, based in the Paris suburb of Guyancourt, yesterday announced a price range of 11.50 Euro to 15 Euro for its initial public offering, through which it plans to raise 475 million Euro.

Manufacturers start work on factory of future

BMW has taken the open plan office to a different level. At the carmaker’s Leipzig factory in eastern Germany, a parade of cars fresh off the assembly line passes over the heads of office workers as a constant reminder of the business they are in.

This will be the factory of the future, according to Arup, the London-based engineering consultancy, where boundaries between blue and white-collar employees are being broken down.

Dragon Oil surges on improved Enoc offer

Shares in Dragon Oil jumped more than 8 per cent to a record high yesterday after the Emirates National Oil Company (Enoc) sweetened its offer to buy out minority shareholders at the crude producer by just over 2 per cent, valuing the company at £3.7bn

US crude futures volumes eclipse Brent

WTI overtakes with 1m contracts a day as spread falls below $4 per barrel

West Texas Intermediate crude, once derided as a broken oil benchmark, is enjoying a comeback.

Posted by Lois Hardy on 16/06/2015