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Today programme business round-up for Friday

16 August 2013 Last updated at 09:25 BST

The Today programme's business news with Dominic Laurie looking at fracking as energy company Cuadrilla scales back its exploratory oil drilling at Balcombe in West Sussex.

He also talks to Pimco managing director Mike Amey, and to Majid Jafar of Crescent Petroleum, the Middle East's oldest private oil and gas company.

First broadcast on BBC Radio 4's Today programme on Thursday 15 August 2013.