South African banking union Sasbo said it welcomed talks to sell a stake in Absa Bank to a UK bank. Deputy general secretary Ben Venter said: "Generally, UK-based banks tend to have a social conscienc... [more]

Oil giant Shell looks likely to spin off InterGen, its underperforming joint venture with Bechtel, in an effort to bring in some much-needed cash to fund vital upstream capital expenditure over the ne... [more]

SSL International is to sell Silipos, its US-based prosthetic products business, to Langer for £9m.... [more]

Canisp has acquired the fixed line customer base and the non-geographic number services of International Telecom Brokers for £25m, in order to expand its Airtime division.... [more]

Bill Goff Golf Tours has acquired Longshot Golf from First Choice Holidays, as part of a strategy to expand its golf tour operations in continental Europe.... [more]

Dairy Crest has announced a £4m deal to buy out its partners in the English Butter Marketing Company.... [more]

Local Radio Company has acquired Dune FM, the west Lancashire radio station, from Forward Media for £12m.... [more]

Pfizer is to acquire Meridica, the Cambridge-based drug delivery company, from PA Consulting for £70m.... [more]

Scipher is to sell CRL Opto, the manufacturer of optoelectronic products, to a new company called CRLO Displays for £22m.... [more]

Wealth Management Software has acquired the property management software business of GVA Grimley for £0.9m, which will involve the relocation of 14 staff to the WMS office in London.... [more]

Flowtech, the Skelmersdale-based pneumatic and hydraulics company, has undergone a £42m management buy-out backed by venture capital firm Gresham.... [more]

Hotgroup is to acquire Workthing, the online recruitment business, from Guardian Media Group for £6m.... [more]

The Irish operations of National Australia Bank may be put up for sale. HBOS is thought to be considering a bid for the company.... [more]

West Private Equity has sold Southern Cross Healthcare, the operator of 160 care homes, to Blackstone of the US for £162m.... [more]

HSS is to sell its RentX tool hire operations in the US, and the proceeds will be invested in its UK operations.... [more]

InterContinental Hotels Group (IHG), has admitted the company has put a further £1.3bn of assets up for sale. The majority of its UK assets, together with the Hotel InterContinental in Paris, are on t... [more]

Mappin & Webb, the upmarket high street jewellers that includes Watches of Switzerland, is putting its pawnbroking division, TM Sutton, up for sale. The decision comes six years after European Acquisi... [more]

NTL is finalising plans to put its television and radio broadcasting business on the market, according to sources. The sale is expected to generate at least £1.2bn for the UK's largest cable operator,... [more]

Laird has acquired Home Doors and Houseproud, both parts of the BHD Group, for £36m, securing the future of more than 300 jobs in Peterlee.... [more]

Ashtenne has sold the Port of Boston in Lincolnshire to Victoria Wharf for £5m.... [more]