The company formerly known as BAA is to sell Stansted airport to the Manchester Airports group for £1.5 billion.
The deal, announced late this evening, will mean that BAA - now known as Heathrow Airport Holdings - will be responsible for just four UK airports compared with its original seven.
The remaining ones are Heathrow, Southampton, Aberdeen and Glasgow.
More top news
A teenage cyclist from Cambridge who set a world junior record is on track to represent Team GB at the Paralympics in Rio next year.
Largely cloudy, with occasional showers, these locally heavy, especially at first. Some brighter spells later.
The granite sea defences at Happisburgh in Norfolk are being moved a hundred yards back to protect cliffs from the tide.