News - written by Eilis Jordan

The troubled US video rental chain, Blockbuster, has put up its European division for sale. [more]

US oil company Chevron has put its Welsh petrochemicals refinery up for sale as part of a broader restructuring process that will address global overcapacity in refining. [more]

London, Mayfair-based Italian family restaurant Cipriani London has filed for administration to protect its assets while it appeals against a court ruling to change its name. [more]

Portsmouth, currently at the bottom of the Barclays Premier League and risking relegation, may also be the first English premier football club to enter administration. Its future is very much in doubt. [more]

There was no prospect of a business sale that would have rescued HJ Berry, one of Lancashire's best-known furniture-making companies, according to administrators. After reports of its collapse last week, the business was officially placed in administration on Monday (15 February). Having traded for more than 160 years, the Chipping-based table and chai [more]

London Town, the debt-ridden firm that has been working with companies like Punch Taverns and Enterprise Inns to re-open closed pubs, is reported to be on the verge of administration. [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]

The directors of London-based building firm Harry Neal have agreed to place the company into voluntary receivership after a winding-up petition was lodged against it last month. It's believed they held a series of meetings this week to dis [more]

Reader's Digest UK faces administration after the UK Pensions Regulator said it would not approve plans for a rescue deal from Reader's Digest Association Inc to inject £10.9m and a third of the UK business into the [more]

Children's clothing retailer Adams has been placed into administration for the third time in as many years, leaving over 2,000 jobs hanging in the bal [more]

Digital agency Latitude - one of the country's largest online marketing groups - briefly entered administration last week, before being pulled out by a management buy-out backed by Vitruvian Partners, its private equity owner and an existing major sharehol [more]

Two popular Scottish hotels the Malmaison in Edinburgh and the St Andrews Golf Hotel have gone on the market for offers over £15m and over £6m res [more]

AeroMobile Limited, the London Gatwick-based provider of in-flight mobile phone connectivity services, has been placed into administration with the need to secure new funding. [more]

Lancsville Construction Ltd has gone into administration leaving over 200 staff at risk of losing their jobs. [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]

Hugh Osmond, the entrepreneur who established the insurance group Pearl, co-founded Punch Taverns, and built up Pizza Express, is looking to generate £1bn for his new investment vehicle Horizon which will invest in distressed compa [more]

Italian frozen food company Findus Italy could be put on the block for up to 800m Euros by its parent consumer goods group Unilever. [more]

Two Worcestershire-based hotels have been placed on the market after its corporate owner entered administrative receivership. [more]

East Anglia-based engineering firm SLP has been placed into administration by its directors due to a drawn out legal row over a Middle East oil contract. [more]