W/E round-up: Swip in talks over BAA Airports' property assets

Scottish Widows Investment Partnership is in exclusive talks to acquire property from BAA Airports.

Reuters reports Morgan Stanley is advising on the transaction of about £400m worth of airport hangars, warehouses and offices. The assets are pooled in a BAA unit known as Airports Property Partnership. A TORY GOVERNMENT would scrap the 50p tax rate for top earners - but not until at least 2012, George Osborne has indicated. The shadow chancellor said the Conservatives viewed the levy on those earning above £150,000 as "temporary". But he insisted the rate could not be axed until a public sector pay freeze proposed by the party comes to an end in two years' time. Interviewe...