News - written by Hanna Sharpe

The assets of luxury train excursion firm Cargo-D Ltd, which traded as Rail-Blue Charter, are to be sold after it entered administration recently. Carl Jackson and Sandy Kinninmonth of RSM Tenon have been drafted in to take [more]

The main shareholder of Oxford Aviation Academy, British buy-out group Star Capital Partners, is mulling a sale of the global business. [more]

Iceland Food’s majority owners have put a 77 per cent stake in the supermarket up for sale for £1.5 [more]

Upmarket retailer The House of Bruar, also known as the ‘Harrods of the North’, may be placed on the market after the retirement of its founders, Mark and Linda Bi [more]

Commercial finance provider Davenham Group plc has been placed into administration, owing over £80 million to its own bank lenders. David John Whitehouse, Philip Duffy and Matthew Bond of MCR have been assigned the task [more]

The owner of the Revolution bars, private equity firm Alchemy Partners, is set to place the business on the market. Alchemy has asked bankers to step forward with a pitch for the role to sell the Revolution vodka bar business, which is expected to take place early 2012. [more]

The owner of Glasgow Prestwick Airport, New Zealand-based infrastructure investment firm Infratil, is mulling a sale of the business due to falling passenger numbers. [more]

Holloway White Allom, the construction firm that specialised in properties such as the Old Bailey, has entered administration. KPMG was called in to act as administrator one week ago and is now preparing to sell off the assets. “The business has ceased trading prior to our appointment with 175 redu [more]

Insurance service provider Davies Group has been bought by private equity firm, Electra Partners, from Lloyds Banking Group’s buyout arm, LDC, for £60 million in a secondary management [more]

Morgans Hotel Group has announced that it is to sell two of its hotels in London. [more]

The sale of Premier Foods’ key brands, including Hartley’s jam and Haywards' pickles, could be on the table after the group reported tumb [more]

Royal Bank of Scotland is about to take control of the beleaguered hotel operator, Jarvis Hotels, and implement a pre-pack administration process in an effort to get back debts of £130 mil [more]

CPMG Architects has been bought by four of its directors in a management buy-out deal. [more]

A proposed merger which will see GB Oils take over Pace Fuelcare has been approved by The Office of Fair Trading. [more]

Nightclub owner Luminar is inviting offers for the business in an effort to protect its future after it lost 50 per cent of its stock value in one day. [more]

A multi award-winning Tyneside hotel, The Vermont, has been placed on the market for £9 mil [more]

Call centre business Res-Q Contact Services Limited has been saved in a pre-pack administration by its directors. [more]

The government should introduce tax breaks immediately and abolish the 50p tax rate to stimulate growth and support small businesses, said the UK’s top entrepreneurs in a survey by Ernst & [more]

Crombie, the prestigious clothing maker owned by property entrepreneur Alan Lewis, has put the Tommy Nutter brand on the market. [more]

Lloyds Banking Group’s spate of strategic asset offloading looks set to continue with the sale of a £1 billion swathe of commercial proper [more]