Publishing group Pearson has been asked by its investor Axa Investment Management to consider a sale of its Financial Times newspaper, which posted a £2m profit last year. Pearson derives in excess o... [more]

Kelda is to sell its Aquarion water business in the US to Macquarie Bank for £491m.... [more]

Norwegian conglomerate Orkla has said it aims to find a new owner of strategic partner for its media business within the next few months. The company's media assets include magazines and regional news... [more]

BBA is more likely to demerge its Fiberweb materials arm than sell it. Low bids in BBA's auction of Fiberweb are to blame for the decision. Fiberweb has a valuation of £700m for Fiberweb, without attr... [more]

Exel, the UK-based logistics company has put its courier business Marken for sale for an estimate value of £250m.Exel was acquired by Deutsche Post last year. It is believed to have hired UBS to cond... [more]

MJ Gleeson, the listed UK construction group, may sell off some of its civil engineering units. The company has been conducting a strategic review after a hostile approach by Castle Acquisitions, the ... [more]

GlaxoSmithKline is to acquire the Pliva Research Institute, which has 130 staff, from Pliva of Croatia for up to £29m.... [more]

Imperial Chemical Industries (ICI) has put its Uniqema business up for sale as the group unveiled annual profits fell by almost a fifth. The profitability of Uniqema, which produces chemicals used in ... [more]

Speedy Hire has acquired the hire division of Caledonian Building for £14m and the survey assets and cabin fleets of Mowlem for £5m, in order to expand its steel site cabins business.... [more]

Heathrow and Gatwick airport operator BAA has received a bid approach from Grupo Ferrovial. Broker Merrill Lynch forsees a bidder for BAA selling off assets outside of the regulated business, such as ... [more]

Unilever has announced that it has decided to put the majority of its Frozen Foods businesses in Europe up for sale. It decided to retain its Frozen Food operations in Italy.Unilever's review, which ... [more]

Deltex Medical Group has acquired the TECO oesophageal Doppler monitor business from Medicina for undisclosed terms.... [more]

Vodafone's seventh-largest shareholder, Standard Life Investments, has called on the telecoms group to sell its US business. The request follows hard on the heels of other shareholders questioning the... [more]

Provalis is to sell most of its Provalis Healthcare division to the Kogen affiliate of Galen for about £10m, in order to focus on medical diagnostics.... [more]

BAe Systems has sold its aerostructures business, which is based in Prestwick and employs 830 people, to Spirit AeroSystems of the US for £80m.... [more]