After 75 years of service, Mail Rail, a miniature underground railway stretching across seven miles of the city, is being put up for sale by Royal Mail. The service, the only remaining underground mai... [more]

Britannic, the insurer, has confirmed it is in currently talks with Paragon regarding the sale of its Britannic Money specialised mortgage lending subsidiary, worth around £60m. The unit, which specia... [more]

Hammicks has sold its legal division to John Smith & Son of Glasgow, including a subscription business and specialist bookshops in London, Manchester and Bristol.... [more]

GVA Grimley is to acquire Saxon Law, the London-based property company, which will involve the relocation of 35 staff from Bruton Street to GVA's base in Stratton Street.... [more]

Leapingsalmon has sold its four railway station kiosks in London to the Unilever Bestfoods' Rocket division, and will now seek tie-ups with non-food retailers.... [more]

Velo, the Marlow-based fleet car management company, has been acquired by West Private Equity for about £10m.... [more]

AstraZeneca has sold Marlow Foods, the manufacturer of Quorn substitute meat products, to Montagu Private Equity for £70m.... [more]

Chime Communications has sold its Smithfield Financial public relations business to management for undisclosed terms.... [more]

Corus, the steel producer, may consider selling its Teeside steel plant to another steelmaker or private-equity buyer in order to speed up the company's restructuring. It is believed that the plant co... [more]

Baltimore Technologies, the internet security provider, has put itself up for sale and given a deadline of June 30 for potential buyers to submit firm offers. The company is believed to be valued at ... [more]

Powerhouse, the UK's largest independent electrical retailer, may be considering a disposal of almost a quarter of its stores. The group has sent details of 55 outlets to property companies to assess ... [more]

Alstom, the French engineering group, has stated that is ready to sell a majority stake in its marine division and has announced that a turnaround at its transportation operation would signal job cuts... [more]

Holmes Place is to undergo a £25m management buy-out backed by Bridgepoint and Permira, and plans to open about 25 health clubs across Europe over the next three years.... [more]

Roxboro is to sell its Weston aerospace sensors division to Esterline Technologies for £55m.... [more]

Stagecoach has agreed to sell its Coach USA Transit bus operations in the US to First Transit, a subsidiary of First Group, for about £15m.... [more]

Nord Anglia Education has acquired the Leeds-based skills training provider Yorkshire Post Training, in order to expand its Lifetime Careers subsidiary.... [more]

Medical Solutions has acquired the Welcare Pathology Laboratory from the Welcare Hospital in Dubai for up to £12m.... [more]

Scottish & Southern Energy is planning to acquire Midlands Electricity from US parents Aquila and First Energy for £1.1bn.... [more]

Graham's Dairies has bought Stevenson Dairy Farm at Cumnock in Ayrshire, increasing its headcount from 165 to 190.... [more]

Walker Greenbank is to sell the fabric weaving operations of Weavestyle and Contract Fabrics to Project Riverside OPCO for £2.8m.... [more]