The Scott Trust, owner of The Guardian newspaper, is considering selling its £1bn magazine arm. According to Sir Robert Phillis, the independent trust's chief executive, the trust reviews its strategy... [more]

Travelsphere is being put up for sale by its three founders and HG capital, the private equity group. The auction is expected to value the business at £200m. The sale will include Page & Moy which sp... [more]

Stagecoach is to sell its New Zealand bus and ferry operations to Infratil for about £100m.... [more]

Cadbury Schweppes is to sell its European drinks division, which has 3,000 staff in 30 countries, to private equity firms Blackstone Group and Lion Capital for £1.27bn.... [more]

The Port of Dover, Port of Tyne, Port of Milford Haven and Port of Aberdeen are among as many as 50 UK cargo and passenger terminals that may be sold by the UK government. The government is working on... [more]

Dateline, the UK's biggest dating agency, has been placed on the market by interactive group Yoomedia, which bought it for £650k less than 18 months ago.... [more]

Sara Lee will continue to explore options regarding the sale of Sara Lee Courtaulds, a UK-based division that manufactures private-label clothing for retailers. The division was not part of the just-a... [more]

Gresham, the UK private equity house, has appointed KPMG Corporate Finance to look at 2e2 Group. The UK IT infrastructure and services business is to undergo a review of strategic options, the short i... [more]

Libeltex, the non wovens division of British Vita, the UK foam company, is being sold, a number of sources close to the situation said. British Vita was bought by TPG, the US PE firm, at the beginning... [more]

Novell, the computer software firm, has hired Citigroup to help study the possibility of selling Celerant, its UK-based consultant unit. Celerant had USD 162m in 2004 sales. Novell is looking to cut e... [more]

Luminar, the listed UK leisure business, may have run into problems selling its entertainment arm. The nightclub and bar-owner had reportedly been in exclusive negotiations with Alchemy Partners, but,... [more]

Fiberweb, the non-woven materials arm of BBA, is to be sold or demerged. Analysts believe the Richmond-based business could be sold for around £700m. Fiberweb makes speciality materials for healthcare... [more]

Stagecoach, the rail and bus operator that runs Britain's largest train franchise, is to sell its New Zealand transport operations as part of its restructuring. The Perth-based company, which is heade... [more]

RWE, the German utility, are conducting a review of the group's water investments, which consist mainly of Thames Water and American Water. The leading option is a partial IPO of 30 per cent of the di... [more]

Premier Foods has acquired Cauldron Foods, the Bristol-based meat-free products manufacturer with 215 staff, from Rayner & Co for £27m.... [more]

Intertek is to acquire Automotive Research Laboratory, the US-based automotive fuels testing company with 144 staff, from PerkinElmer for £20m.... [more]

Neteller has acquired Netinvest and its Netbanx subsidiary, the Cambridge-based payment service provider, from Transact Group for £12m.... [more]

Vodafone is to sell its Swedish mobile phone operation to Telenor of Norway for £704m.... [more]

Photo-Me International, the photo booth operator, has bought the Wholesale Lab Division of Agfa Photo out of administration for £6.1m.... [more]

Royal Mail, the state-owned UK postal service, is coming under strong pressure from the UK government to sell GLS, its European parcels division. Royal Mail has been contacted regarding potential offe... [more]