Dominic O’Connell
Attend a special evening hosted by Mike Atherton

INVESTIGATORS have caught BAA trying to influence consultants advising the Competition Commission inquiry that urged a break-up of the airports group.
The commission has censured BAA, saying it “takes any suggestion of interference in the discharge of its functions very seriously”.
The revelation caps a miserable few months for the company, which owns seven UK airports including Heathrow, Gatwick and Stansted.
It has parted company with its chief executive, seen a calamitous opening of the flagship terminal 5 at Heathrow and been the subject of a report that castigated it as anticompetitive.
This is likely to lead to its break-up and the sale of one or more of its airports next year, bringing an end to its near-monopoly of flights in London.
In January, the commission held a tender for consultants to advise it on BAA’s plans for a new runway at Stansted. Part-way through, it became concerned “that there may have been interference in the tendering and appointment process”.
“As a consequence, the commission saw evidence of behaviour that could be interpreted as constituting an interference with the first tender,” the commission said. It later appointed Alan Stratford & Associates and Gleeds to do the work.
BAA told the commission it was an “isolated incident involving one employee” which was “in no way authorised, encouraged or condoned by senior management”.
The airports group said yesterday: “BAA regrets that the unauthorised actions of one employee could be perceived as interference in the commission’s appointment of a consultant.
“We will continue to engage with the commission as it conducts and concludes its market investigation, and have, in agreement with the commission, revised and reissued our internal guidelines.”
It refused to say whether the employee involved had been sacked.
Hochtief, the German construction and infrastructure group, is likely to head a crowd of bidders if Gatwick airport is put up for sale next year. The German group, which has airport investments around the world, is understood to have already indicated that it is interested in buying the London hub.
Manchester Airports Group, which last week said it was considering selling Humberside airport, is another potential bidder, as is Global Infrastructure Partners, the joint-venture between Credit Suisse and GE.
Meanwhile, Ferrovial, BAA’s controlling shareholder, is pressing ahead with a refinancing of BAA. Royal Bank of Scotland and Citigroup are in talks with a consortium of eight banks, expected to include Spain’s Santander and the Bank of Montreal.
The deal will be done in two stages, with the second, larger stage raising about £10 billion against the three London airports.
It will be structured in order to allow the easy separation of one of the airports if Ferrovial is forced to sell, City sources said.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
£353 per day
Phonepay Plus
London
£12,000 plus expenses
Ministry of Justice
London
£37,000
Department for Culture, Media and Sport
London
Currently £36,285
Department for Culture, Media and Sport
London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Accommodation, flights, tickets to the race and a KL city tour for only £999pp
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.