Ferrovial agrees to sell Belfast City Airport

Ferrovial of Spain on Saturday agreed to sell Belfast City Airport to an ABN Amro fund, in the latest of a series of divestments aimed at cutting net debt and focusing on UK airports operator BAA

• Ferrovial faced with selling three UK airports
• BAA finalises £13.3bn airports refinancing

Chellomedia to buy Spektrum

Channel will be the eighth in Chellomedia’s Chello Central Europe stable

Ex-ITV chief to advise Goldman and join Endemol

Charles Allen, the former chief executive of ITV, has been appointed as a senior adviser to the private equity arm of Goldman Sachs and will take a seat on the board of its main media investment, the European TV producer Endemol

Zug thrives in mild regulatory climate

Commodities traders, pharmaceuticals groups, legal, consulting and accountancy services groups have all been drawn to the Swiss town’s favourable tax regime

Porsche chief in line of VW fire

Volkswagen works council aims to summon thousands of employees to make a show of might in protest against Wendelin Wiedeking, the Porsche chief executive

Allianz eyes US for future growth

Allianz is looking to the “undervalued” US market as a potential growth source for shareholders following the German insurer’s decision to sell Dresdner Bank

NYSE Euronext draws battle lines over MTFs

Transatlantic exchange operator, NYSE Euronext, will combat alternative share trading platforms in Europe with plans to be the first exchange to launch one of its own.

Renewed confidence in futures

The latest trading venture by NYSE Euronext must not only come up with new products that will provide a compelling alternative to the CME, but must also generate liquidity right from the start