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Division Sale News
KPMG has been lined up as administrator for JJB Sports' struggling fashion businesses OSC and Qube after failing to find a buyer. 800 jobs have been left hanging in the bal [more]
BAE Systems will acquire VT Group's naval shipbuilding operations in July this year in a deal worth £380m, the Financial Times has reported.
UK-based VT Group is preparing the division for disposal after re [more]
Two of Britain's largest property developers British Land and Land Securities are set to sell £750m worth of stakes in two shopping centres, in an effort to re [more]
BC Partners and Apollo Management, the private equity firms, are considering putting in a bid for Royal Bank of Scotland Insurance with Patrick Snowball, the previous head of Aviva's UK operations.
The £7 billion insurance unit at RBS was put o [more]
On December 24th, Punch Taverns offered 500 lessees first refusal on their pub leases before putting them up for sale on the open market. [more]
Barclays is considering the disposal of Barclays Private Equity (BPE) in order to strengthen its finances. Other options include selling some of its holdings in BPE's funds.
The possible move comes ami [more]
The Competition Commission has told BAA, the Spanish-owned airport operator, to sell its Gatwick, Stansted and Edinburgh airports, in order to increase competition.
BAA failed in its attempt to per [more]
London Scottish Bank's administrators, Ernst & Young, are going to sell off the bank's debt collec [more]
Citigroup, America's banking giant, is deliberating over selling parts or all of the company after shares fell 50 per cent over two days this week. There are concerns that similar, huge losses could threaten the bank's future.
Options being considered fo [more]
BHP Billiton, the world's largest mining company is to decide, over the next two weeks, which of its iron ore mines it could sacrifice in a disposal, in order to gain the approval of the European Commission for its takeover of Rio Tinto.
There are concerns in the steel ind [more]
West Midlands-based Enterprise Inns is going to sell off 200 loss-making pubs in an effort to raise between £100m and £200m.
The pub operator puts its fallin [more]
High street retailer Woolworths is in the early stage of discussions to sell its struggling retail operations to distressed fund Hilco.
It is thought that Hilco would avoid taking on [more]
The founder of Carphone Warehouse, Charles Dunstone, is understood to be reviewing the future of his broadband internet division, TalkTalk.
A disposal of TalkTalk would create more value for shareholders. It has been speculated [more]
Cable & Wireless is holding discussions with US-based AT&T about a potential sale of its EAUS division.
EAUS, which is based in [more]
The New Scotland Yard building has unexpectedly been put up for sale by the owners, Land Securities, the UK's biggest commercial property company.
Metropolitan Police chiefs are going t [more]
On the 10th November we reported that Pinewood, owned by Pendragon, is up for sale. Pinewood's sister business, CFC Solutions, is now also officially for sale with a price tag of £60m. Pendragon considers both of these businesses to be non-core. The sale of CFC will reduce losses for Pendragon.
CFC Solutions is a leading suppl [more]
The tough trading conditions for the UK car industry have reportedly forced Pendragon, the nation's largest and beleaguered car dealer, to raise cash by putting its software company, Pinewood Ltd, up for sa [more]
The National Grid is to dispose of its South Wales-based Dynevor Arms, the liquefied natural gas (LNG) storage site. Part of a similar facility in North West England will be closed next year. [more]
Sir Anthony O'Reilly, the owner of Independent News & Media (IN&M), may have to sell the London-based Independent newspaper in London in order to p [more]
BSkyB Group Plc, satellite broadcasting giant, is in discussions with Tiscali, Italian internet broadband provider, over a deal worth £4 [more]
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