Marconi PLC is in talks to sell its Italian defence subsidiary Marconi Mobile. Bidders for the £400 million business are thought to include BAE Systems PLC, Thales of France and Finmeccanica SpA of It... [more]

Edison SpA and the US group Bechtel have appointed the merchant bank Rothschild to sell their stakes in the UK water company International Water. The companies each have a 50% stake in International W... [more]

Energis, the telecommunications carrier, will put its loss-making overseas businesses in the Netherlands and Germany up for sale, in an attempt to regain the confidence of its banks following the rece... [more]

United Industries has sold its components and systems division to OSL Group for £6.2m, in order to focus on technical plastics... [more]

Cadbury Schweppes has acquired a 51% stake in Kent Gida, the Turkish sugar confectionery company, for £90m... [more]

Lookers has acquired 452 (Birmingham) from Vauxhall Motor and the Rystar Aston and Selly Oak Vauxhall outlets from Ryland Group for a total £2m... [more]

Range Cylinders, the Wakefield-based manufacturer of hot water cylinders with 112 staff, has been sold by the Baxi Group to RCM for undisclosed terms... [more]

Spirent has sold its aerospace components business to Curtiss-Wright of the US for £42m, in order to reduce debt and focus on its network technology operations... [more]

Tate & Lyle is looking to sell its North American molasses operations, including United Molasses, UM North America and United Storage... [more]

Invensys has decided to sell its industrial components and systems divisions, with sales of £2.3bn, to raise £1.5bn and halve the group's £3bn of debt. What remains will then be reorganised into 2 co... [more]

Hanson is to sell HBcE, its European brick manufacturing business, to Wienerberger for £39m... [more]

There is market talk that Thistle, which also operates regional hotels in Britain, was considering selling some London properties for £430m to revive its share price. That would also allow the hoteli... [more]

Three spirits companies have submitted bids for Malibu, the rum brand being auctioned by Diageo, the UK drinks group. Pernod Ricard, Allied Domecq and Fortune Brands have all submitted first round bid... [more]

Taylor Woodrow has sold the UK tower crane hire business of Taywood Plant to Kier Plant for £2.4m, in order to focus on housing, property, construction and engineering... [more]

McDonald's has sold 26 of its Aroma coffee bars to Caffe Nero for about £3.5m, taking the Caffe Nero chain to more than 100... [more]

Morrells, the Oxford beer and pub company acquired three years ago by Michael Cannon, the US based leisure entrepreneur, is up for sale for up to £80m. PricewaterhouseCoopers has been appointed to con... [more]

The Media firm Kirch, with debts of £3.5bn is being forced to sell of assets such as a controlling share of SLEC which owns Formula One's commercial rights.... [more]

EMI is considering a sale of non core assets to address City concerns about its £1.1bn debt pile and avoid a short term cash crunch that threatens the dividend. The worlds third-largest music group i... [more]

Compass has acquired the Castle Independent school meals business, which includes 2,500 staff across the country, from Castle View for undisclosed terms... [more]

Michelin's ATS subsidiary has sold WSTyremasters to Stapleton's Tyre Services for undisclosed terms, which will involve the transfer of six tyre distribution centres... [more]