BT Group has invited financial institutions, car-makers and vehicle leasing companies to consider a tie-up or partial acquisition of its commercial vehicle division, BT Fleet, said to be worth up to £... [more]

IMI has sold its Eley Hawk cartridges business to Union Explosivosos Espanol of Spain for £1.6m, and is now looking to sell its building products and plastic pipes division to management for up to £30... [more]

Morgan Grenfell Private Equity has appointed Lehman Brothers to advise it on what to do with Coral Eurobet, Britain's third largest bookmaker. It is believed the bank will advise an auction, which cou... [more]

Hartest has acquired the instrumentation business of HW Wallace for £0.1m, in order to expand its Sheen Instruments division.... [more]

Rutland Trust has sold its interests in Coppice Group, the Bridgend- based manufacturer of aluminium foil containers, to a new company called MELH 888 for £4.6m.... [more]

Richards has agreed to sell two subsidiaries out of receivership, with the Spence Bryson handkerchief packing operation in Portadown going to a management team and the Yorkshire-based High Quality Con... [more]

Scottish Power has announced plans to sell Southern Water to a newly- created investment vehicle called First Aqua for £2.05bn, which is expected to lead to a follow-on sale to Vivendi of France.... [more]

Fitness First has acquired an 85% stake in the Just for Ladies chain of fitness clubs.... [more]

Diageo, the world's largest drink company, is trying to sell Burger King to focus on brands such as Guinness, Smirnoff vodka and Johnnie Walker Whisky. Burger King has underperformed in recent years ... [more]

Energis, the telecoms carrier, has begun the process to sell its core UK business or bring in new investors. Many private equity firms have already expressed an interest: Apax Partners, Carlyle Group,... [more]

Seeboard, the £1.5bn electricity-distribution company being sold by American Electric Power will issue sale details shortly. Bidders could include Electricite de France, Powergen and Scottish & Southe... [more]

Tower Group, the leading US-owned operator of regional casinos in the UK, has put its British assets up for sale for around £40m. The company was close to selling the casino business to Stanley Leisur... [more]

Hilton Group is in talks to dispose of a portfolio of UK hotels through a sale-and-leaseback deal potentially worth up to £500m. Discussions are currently being held with 5 groups. ... [more]

Brake Bros has acquired two French regional catering wholesalers - Bianchi Gers and PSM Jarny - for £14m.... [more]

George Wimpey has sold Alfred McAlpine Homes Cumbria to Centaur Homes for £16m.... [more]

CybIT has acquired certain assets of Fleetstar Information Systems, the vehicle fleet management system, from Trafficmaster for £1.5m.... [more]

TXU has acquired the UK electricity and gas supply operations of Amerada Hess for £117m, gaining 400,000 more domestic customers.... [more]

Ryland has sold its DAF/LDV operations in Preston and Edinburgh to Lawrence Vehicles for £4.2m... [more]

Wagamama, the Japanese noodle bar chain, is soon to be put up for sale by Graphite Capital, the venture capitalist which owns a majority stake in the group. The chain could be worth up to £50m. Possib... [more]

The owners of the Financial Times, Pearson, have received several expressions of interest in FT Business, its specialist UK financial publishing arm. Lazard have been appointed to advise on the strate... [more]