BP is seeking a buyer for Foseco Steel, the chemicals business that formed part of an acquisition of Burmah Castrol 2 years ago. CSFB is advising on the sale. It is thought that BP will also sell off ... [more]

AC Haines Engineering of Plymouth has been bought out of receivership by a team of former managers, securing the future of 20 jobs.... [more]

Aortech is to sell its commercial heart valve business to Kohler Chemie of Germany for £2.7m.... [more]

Sun Life Financial Services of Canada is to sell its Basingstoke-based group insurance business to US-owned Unum for undisclosed terms. ... [more]

MyTravel is looking to sell Cresta Holidays, the Cheshire-based short breaks business, for up to £40m.... [more]

Safeway is expected to receive bids from Wal-Mart and J Sainsbury of over £3bn after Wm Morrison's £2.6bn bid. It is thought they may receive opposition from the Competition Commission.... [more]

Chelsea football club has received a £50m bid from an American pension fund, having already rejected one approach in December.... [more]

Friends Reunited may be sold off for as much as £25m by its founders. The website has attracted 8 million members in search of old school friends. BDO Stoy Hayward is reviewing options for the busines... [more]

Elektron has sold Powertron, the manufacturer of power supplies for the rail and other industries, to a new company called Powertron Converters for £0.1m.... [more]

RMC Group is to sell its concrete product operations in the Netherlands and Belgium, as part of a debt-reduction programme.... [more]

Oshkosh is to create up to 180 jobs at its factory in Llantrisant, having won a £160m Ministry of Defence contract to produce wheeled tankers.... [more]

Glenmuir, the leisurewear company with 80 staff and turnover of £8m, has been acquired by Ruia Group of Bolton for undisclosed terms.... [more]

Uniq has sold Uniqsauces, the Lancashire-based manufacturer of sauces and mayonnaise, to the UK subsidiary of US firm McCormick for £12m.... [more]

Care UK has acquired Premiere Homecare, the London-based care provider, from Match Group for up to £2m.... [more]

Edotech has acquired Cominformatic, the Swiss printing and data management company with 110 staff, for £6.5m.... [more]

Lookers has acquired three Renault dealerships and a car rental business from Jackson & Edwards, in order to expand its operations in south Manchester and central Cheshire.... [more]

Reg Vardy has acquired one Jaguar and two Land Rover dealerships in the east of Scotland from Arriva for £7.2m, and is looking to expand its network from 67 to 80 by the end of April.... [more]

AEA Technology has acquired Lexware International, the East Kilbride-based provider of environment management services with 30 staff.... [more]

ASW's assets in Wales are being bought out of receivership by Celsa of Spain, saving up to 600 jobs, and steel production in Cardiff will be restarted.... [more]

Unilever is planning to sell its Frigedoc frozen foods business in France to Toupargel for £52m.... [more]