Tuesday newspaper round-up: Vodafone, London markets, UK economy...

Telecoms giant Vodafone has attacked the Indian government over a decision forcing it to rebid for spectrum licences in the country's three largest cities, rather than having them automatically renewed. The company accused India of "contradictory and inconsistent" actions, says The Telegraph.Despite the ongoing problems in the Eurozone, markets in London can extend their recent strength with an upturn in the housing sector likely to boost UK consumer spending over the coming months, Robert Churchlow, head of UK Equities at Legal & General Investment Management, told The Independent.The British Chambers of Commerce has said that the UK will not fall into a third recession but will still likely experience a slow and protracted recovery, according to The Guardian. The business survey has called on George Osborne to quickly implement the measures he outlined in the Budget to kickstart the economy.The Times says that the UK's second toll motorway is to be given a green light with ministers set to revive a decade-long plan to ease congestion on the M4 in South Wales. The government is to underwrite the the £1.0bn project which will be revealed in the Chancellor's spending review this summer, the paper writes.According to the Financial Times, in the latest sign that the gas market is beginning to tighten, Chesapeake Energy has locked in prices for more of its planned sales in 2013 at "well above" today's prices.A survey by the CBI and PwC showed that financial services activity rebounded strongly in the first quarter with "robust growth" in business volumes, a gain in profits and upbeat investment intentions, reports The Scotsman.Financial Times reports that Nasdaq OMX has offered as much as $1.2bn in cash and deferred stock for a unit of eSpeed, interdealer broker BGC Partners' electronic trading platform.