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Canadian pensioners swoop on £3bn Gatwick stake

Canadian pensioners swoop on £3bn Gatwick stake

Business
Canada's biggest pension fund is preparing to swoop for part of a stake in London's Gatwick Airport that could be worth more than £3bn - days after it unveiled a plan to use its emergency runway to boost capacity. Sky News has learnt that the Canada Pension Plan Investment Board (CPPIB) is part of a group of investors which are proposing to buy out Global Infrastructure Partners (GIP), Gatwick's biggest shareholder since 2009.A deal is expected to be finalised in the coming weeks, with CPPIB participating in an agreement alongside other pension and infrastructure funds.If it proceeds with a transaction, the Canadian retirement scheme, which managed $ 356.1bn (£272bn) at the end of its financial year in March, would invest hundreds of millions of pounds in Britain...
Drone causes disruption at Gatwick airport

Drone causes disruption at Gatwick airport

Technology
A drone flying close to Gatwick airport led to the closure of the runway and forced five flights to be diverted.An airport spokesman said the runway had been closed for two periods of nine minutes and five minutes on Sunday evening after the drone was sighted.Easyjet said four of its flights had been diverted, while British Airways said one plane had been sent to Bournemouth. Other flights had to circle the airport as a precaution. Sussex Police are investigating.The airport said: "Runway operations at Gatwick were suspended between 18:10 BST and 1819, and again from 1836 to 1841, resulting in a small number of go-arounds and diverts. "Operations have resumed and the police continue to investigate." Channel circlesPassengers have told the BBC how they were diverted mid-flight. Craig Jen...