CityJet has warned that all airlines flying to and from London City Airport are concerned over its sale to a Canadian consortium for £2bn (€2.58bn) and the potential cost increases the deal could bring.

The UK’s biggest ports operator was today reported to have drawn an improved takeover approach worth £2.34bn (€3.5bn) from a consortium led by Goldman Sachs.

US giant General Electric has emerged as a surprise participant in the battle to buy British airports operator BAA, it was reported today.

Norwegian oil and gas exploration company, Statoil ASA, has said it will deliver up to 6.5 billion cubic metres of gas to Dutch energy company Essent.