|
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 UK arm of neutral vendor and workforce management company the Albany Group is believed to be on the verge of collapse because of financial difficulties. An administrator has yet to be appointed, though it has been confirmed that Albany Technologies has ceased trading. [more]
Haulage company EH Lee has fallen into administration, appointing Grant Thornton to try to find a buyer for at least part of the business. [more]
United Utilities Contract Solutions, provider of metering, waste treatment and connections for utility companies, has attracted plenty of interest after being placed on the market for £ [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]
MCR has been hired to act as the administrator to printing supplier Litho Supplies plc, and divisions Litho Supplies (UK) Limited and Graphica Plus Limited, which trades as Anderson [more]
Allbury Travel Group, the owner of Greek operators Libra Holidays, Argo Holidays and Jetlife, went into administration over the weekend, rendering travellers stranded abroad. [more]
The majority of Globespan's 800 staff will be made redundant, and thousands of customers' travel plans disrupted after the Scottish airline entered admin [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]
Bolton-based car dealership Lythgoe Motors Ltd, which underwent a management buy-out in 2008, has gone into administration. Zolfo Cooper confirmed their appointment as administrators.
Latest accounts for the year to December 2007 show pre-tax losses of £ [more]
Maintenance company Quadron Property Services Limited has entered administration after having cashflow difficulties and suffering from a lack of working capital. [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]
Plant hire business Incasep, which trades as Greyhound Plant Services, has been put on the market after going into administration with the immediate loss of at least 40 employees. [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]
Deutsche Telekom has entered talks with Vodafone, Spain's Telefonica and France Telecom about selling T-Mobil [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]
Government ministers could look into the possibility of a whole or partial sale of the road network in the UK to the private sector, in order to generate cash. It is thought the move would also improve the management of the roads. [more]
SIAS Building Services, a mechanical and electrical contractor, has been placed into administration, and has made 136 workers redundant. [more]
Broadgate, the £2.5bn office development in the City, has attracted the interest of several potential bidders including US private equity group Blacks [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]
|
|