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Stansted sold to Manchester Airports group for £1.5bn

An aeroplane on the tarmac at Stansted Airport, which is being sold to a rival group. Credit: PA

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.

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Councillors vote to bulldoze bus station

Preston bus station. Credit: ITV Granada

Preston bus station could be demolished after councillors in the city voted in principle to tear it down.

But before it is bulldozed, they want another report on the cost of saving it.

It costs the city council around £300,000 a year to keep it running, which it says it can no longer afford.

An initial report by Lancashire County Council found refurbishing it would cost between £17m and £23m.

Now the city council will appoint its own consultants to get another estimate for refurbishment.

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