Macquarie, the Australian bank mulling an offer for the London Stock Exchange, announced today that it is set to spend a further $2.5bn (€2bn) on buying another European airport and a 10-year-old US toll road. So far this year the bank has lined up €13bn of European deals.

Today, APV, the Hungarian privatisation agency, said Macquarie Airports Holding had moved into the second round of the privatisation auction for Budapest Airport which commanded first round bids of up to 390 billion forints (€1.6bn).