BAE Systems is to acquire the US-based control systems business of Lockheed Martin for £320m and is also interested in a number of electronics operations being auctioned by Lockheed... [more]

Standard Chartered is to acquire banking group Grindlays from its Australian parent ANZ for £823m in order to become the leading international bank in India Pakistan and Bangladesh... [more]

Invensys has sold Westinghouse Brakes the rail industry supplier to Germany's Knorr-Bremse for £65m... [more]

Wolseley is selling a number of manufacturing businesses to Cinven for up to £136m including agricultural industrial motor cable and photographic operations... [more]

Barclays has sold its Dial car leasing business to ABN Amro for £269m in order to withdraw from the rapidly consolidating market.... [more]

Alstom has bought Norweb Contracting from United Utilities for £25m as part of a strategy to develop a one-stop shop for electrical services... [more]

WR Group the Leicester-based refrigeration company has bought NRC's supermarket services and maintenance business in Wellingborough from Stratagem Group for undisclosed terms... [more]

Rentokil is to sell its US plant hire business to Ashtead for £320m and the proceeds will be used to fund a share buy-back programme... [more]

Pure Asphalt of Bolton has bought the mastic asphalt division of TotalFina in order to increase its UK market share to 25%... [more]

Tate & Lyle is to sell its US grains business to JD Keiskell for about £35m prompting speculation that its US sugar business could be sold next... [more]

Biwater Industries the pipeline manufacturing subsidiary of the Biwater group has been acquired by St Gobain of France for undisclosed terms. ... [more]

Alvis is selling a division that manufacturers bomb disposal robots to Northrop Grumman of the US for £1.4m and job losses are expected among the 31 Coventry-based workers... [more]

Keystone Software has acquired the legal software division of US-based BISPoint Technologies for £5m partly funded by a £2.4m share placing... [more]

Morgan Crucible is selling its Laser Diode subsidiary which makes equipment for the fibre-optic communications industry to Tyco International for £16m... [more]

Spring Ram is selling three Scunthorpe-based kitchen divisions to Design Academy securing the future of about 70 jobs... [more]

Rexam has sold its printing division to John Mansfield for £318m and John Mansfield has also announced plans to sell the recently-acquired Waddington's food service and pharmaceutical packaging operat... [more]

Stagecoach has announced a conditional agreement to sell its Porterbrook train leasing business to Abbey National for £773m and will use the proceeds to reduce debt... [more]

Johnston Press has sold S&E Distributors to JA Magson the York-based stationery wholesaler... [more]