22:55 : Ferrovial sells down stake in battered BAA for £282m -
The Spanish infrastructure firm has sold its stake in the UK airports operator to US private equity group Alinda Capital Partners, which will also get a seat on the 14-man board which oversees BAA.
11:47 : Ferrovial sells 6% stake in BAA -
Spanish infrastructure firm Ferrovial has cut its stake in UK airport operator BAA to just below 50 per cent after selling a 6 per cent share, removing BAA's debts from its balance sheet.