Royal & SunAlliance is believed to have put its fund management business up for auction. The sale is part of a drive to raise cash to expand its core activities. The business is expected to fetch aro... [more]

Cosalt, the industrial services and leisure products group, is considering the disposal of its caravan and holiday homes unit, as well as its lossmaking lighting division. The company is occupied with... [more]

ML Laboratories, the drug delivery company, is planning to divest all non-core assets, including its inhaler subsidiary, Innovata Biomed. It will also sell or float the DNA production arm of its Cobra... [more]

Merck is selling its distribution arm, Merck-Medco, in a bid to regain investor confidence. It will probably start with an IPO of part of the division by early summer.... [more]

GlaxoSmithKline will consider selling a large part of its research operations if the rate at which they discover new drugs does not improve over the next few years. ... [more]

Tandem Group has acquired Ben Sayers, the East Lothian-based golf equipment manufacturer, from The Caledonian Golf Group for £1.1m... [more]

Baltimore Technologies has sold its Content Technologies e-mail security division to Clearswift for £21m... [more]

Tower Records, one of the world's largest music retailers, has put its Japanese operations up for sale. Deutsche Bank has been appointed to handle the sale. ... [more]

Seeboard, the electricity company based in the South East, will be put up for sale next month by its US parent American Electric Power. ABN Amro and Schroder Salomon Smith Barney are expected to invit... [more]

VFG's film and TV rental equipment business has been bought out of receivership by VFG Holdings, a new company backed by HBOS and ING Barings, in a £9m deal.... [more]

Schneider Electric, the French electrical equipment group, has hired Merrill Lynch to advise it on how to dispose of Legrand, the rival French group it bought last year. Potential buyers are already t... [more]

Biocompatibles has sold its eye care division, which includes 950 staff at sites in Farnborough, Australia, Spain and the US, to Cooper Companies of the US for £68m.... [more]

Tate & Lyle has sold East African Storage of Kenya to African Bulk Commodities and Tanzania Liquids Storage to Africa Tank Terminals, and the deals include assets worth £1.3m.... [more]

Allied Irish Banks, Ireland's leading financial services group, has put AIB Govett, its British fund manager, up for sale with a price tag of around £120m. A number of fund managers have been contacte... [more]

Galen Holdings, the speciality pharmaceutical company is to sell its Clinical Trial Services (CTS) division, raising up to £250m. The group intends to focus on women's health. Galen is also expected ... [more]

Cookson, the industrial conglomerate, has received informal approaches for its precious metals business. The division is estimated to be worth up to £400m and trade buyers and venture capitalists hav... [more]

Vodafone has received a number of approaches for Arcor, its under performing German fixed-line telecoms operation. By selling this non-core operation, inherited with the £138bn acquisition of Mannesma... [more]

William Jacks has sold its Savernake Mercedes-Benz dealership in Newbury to Sytner Group for £1.5m and transferred the Sunningdale Carriage company in Sunningdale to the Greenoaks Maidenhead subsidiar... [more]

Anite is to acquire Lorien Consulting, the Surrey-based IT and customer loyalty consultancy, from Lorien for up to £4.8m.... [more]

Marconi has sold its Data Systems ink-jet printing business to Danaher Corporation of the US for £277m.... [more]