Business Sale News in the Services sector

Motor repair group Kwik-Fit is thought to be mulling a sale of its insurance business to help reduce its debt pile. Advisers at Credit Suisse have been brought in to review strategic options for the business. [more]

The board of the Port of Dover is looking to put the organisation on the market to raise up to £400m of private capital in order to fund future expan [more]

UK water group United Utilities has brought in investment bank JP Morgan to manage the auction of one of its divisions as part of a series of asset disposals. [more]

French energy firm EDF plans to invite first-round bids for its UK electricity distribution network in mid-January next year, with binding bids due in by the end of the first quarter of 2010. [more]

An auction is to take place this year for Camelot, the company that operates the National Lottery, as four out of five stakeholders prepare to sell up, representing an 80% holding. [more]

Eggborough, one of EDF's power stations, could be sold off as its creditors, a group of lending banks, plan to exercise the right to take over ownership of the plant in March [more]

Price comparison service website USwitch has been placed on the market three years after US media company Scripps Networks Interactive bought it for £ [more]

Troubled transport group National Express could be taken over by its largest shareholder, the Spanish Cosmen family, together with private equity group CVC, and Stagecoach. First Group had also expressed interest only to drop out recently. [more]

British Airways has appointed investment advisors Reynolds Partners to manage the sale of its recently launched upmarket OpenSkies transatlantic airline. [more]

The East Coast rail service, run by National Express, is to be taken into state ownership, after failing to renegotiate its funding contract with the Department for Transport (DfT). [more]

Vodafone, the largest mobile phone operator in the world, is considering making a bid approach for T-Mobile UK, which has, reportedly, been placed on the market. [more]

Formation Group, the agency that represents several television and football stars such as entertainers Ant and Dec, and Manchester United star John O'Shea, has received interest from a management buyout [more]

Deutsche Bank is to be hired by EDF to manage the sale of the UK's most expansive electricity distribution network. Bidders will be sought out in the su [more]

Countrywide is to begin the search for acquisitions after its investors strengthened its balance sheet with £37.5m following on from its recent debt restructu [more]

Coventry Airport has been placed on the market after losing its only passenger airline Thomsonfly late last year. [more]

Australian bank Macquarie is beginning to look for potential buyers for the Bristol airport in an effort to raise cash and make repayments to its investors. [more]

Energy and metals business Wood Mackenzie has been placed on the market by its struggling private equity owner Candover. [more]

Carphone Warehouse is considering putting in a last minute bid for Tiscali's UK broadband business, after failed negotiations between Tiscali and B [more]

The government is going to put UKAEA Limited, the commercial division of the UK's Atomic Energy Authority, on the market as it has now reached the stage where it can operate independe [more]

The Competition Commission has released its final report after a two-year long investigation into BAA's monopoly of the major airports in the southeast and ownership of three major Scotland airp [more]