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
Cloud and rain will wriggle it's way into the Channel Islands, Cornwall and the Isles of Scilly later and here it'll feel muggy.
ITV News political correspondent examines the reaction to Labour's Pledge Stone.
The high-profile couple blamed their schedules and not being able to spend time together on their mutual decision to end their relationship.