Reed Elsevier has reduced the asking price of its Business Information division from £1.25bn to £1bn in order to ensure the completion of its sale.Reed is also offering a large vendor loan to finance ... [more]

Two of Britain's largest banks, Abbey and HSBC, are preparing to sell off their train-leasing divisions in an effort to raise capital.Abbey, owned by Spanish company Santander, is about to dispose of ... [more]

Flintshire-based construction company David McLean Holdings Ltd has fallen into administration due to the property downturn. There is also speculation that the business was loss-making.The administrat... [more]

Concrete manufacturer Bison has gone into administration leaving up to 100 jobs at risk in Leeds. Options for the Leeds site are being looked at by the receivers.On the day that PricewaterhouseCoopers... [more]

The Co-operative's takeover of Somerfield has been given the go-ahead by the Office of Fair Trading, on the condition that they sell off 126 local stores.The OFT are concerned that the deal would hav... [more]

P... [more]

Sert UK has acquired M&S Toiletries, the Wakefield-based supplier of health and beauty products with 140 staff, from the Scottish & Midland Co-operative Society for undisclosed terms.... [more]

Rathbone Brothers has sold its offshore trust operations in Jersey to Hawksford Holdings for an initial £23m.... [more]

Experian is to sell its card processing and business process outsourcing operations in France to Advent International and La Poste respectively, for a total £157m.... [more]

GlaxoSmithKline has acquired the Egyptian off-patent drugs business of Bristol-Myers Squibb for £120m, including a manufacturing plant and 20 branded products.... [more]

Online Travel Group has sold its World Travellers UK business out of administration to World Ski & Travel, while its insurance assets have been acquired by a former director.... [more]

Domino Printing Sciences has acquired the air cleaning business of PAT Technology Systems of Canada for £1m.... [more]

Premier Travel of Cambridge has acquired Travel Centre's seven travel agency outlets in Norwich and Dereham, taking its total chain to 29.... [more]

Amec has sold its UK wind energy development business to Vattenfall of Sweden for £127m, including eight sites with a total potential generating capacity of 540MW.... [more]

NWF Group has sold its six garden centres in Cheshire, Lancashire, Nottinghamshire and Yorkshire to Notcutts for £14m.... [more]

Dsicmm has acquired the direct communications business division of Dataforce for undisclosed terms, including print and polywrapping assets in Milton Keynes.... [more]

AIG, American insurer, is going to sell its 50% stake in London City airport to its partner, Global Infrastructure Partners (GIP), for an estimated £250m. The two companies bought the airport together... [more]

The satellite broadcaster, BSkyB, has been told by the Competition Appeal Tribunal that it must sell over 10% of its stake in ITV. The 17.9% stake was bought for £940m in November 2006 to prevent Virg... [more]