News - written by Hanna Sharpe

Wiggle the online cycling retailer popular with a rising league of ‘mamils’ – middle-aged men in Lycra – is for sale fo [more]

Lincolnshire-based independent motor parts trader Godfrey Automotive Parts Limited has been bought out of administration saving 77 jobs. [more]

The Sky TV channel for yoga enthusiasts Body in Balance (BiB) has entered administration and is to be sold as a going concern. Administrator Edwin Kirker from Kirker & Co has been brought in to manage the process. Mr Kirker is confident that a sale will take place quickly. Speaking to I [more]

Virgin Money is going to buy Northern Rock plc for £747 million from its present owner, the government. The transaction is due to complete on 1 January [more]

The Bull and Gate pub and music venue in Kentish Town, London, which famously hosted Nirvana, Coldplay, Blur and Manic Street Preachers in their early days, has been put on the market for £2.7 mil [more]

London-headquartered surf wear retailer Hot Tuna International Plc has decided to sell off the Hot Tuna brand due to difficulties in finding the funds to expand. [more]

Sovereign Capital has put the National Fostering Agency (NFA) on the market, causing a flurry of interest from private equity buyers. [more]

Coffee machine provider MyCoffee has been placed into administration after experiencing difficulties keeping up with its financial arrangements over recent months. Cameron Gunn and Mark Supperstone of Resolve Group have been appointed as the administrators [more]

RSM Tenon has been brought in to act as the administrators for Park Lane Cards, the card and gift shop operator based in the North East of England. [more]

After six months of seeking a sale, Kesa has finally announced its plans to sell off the beleaguered electrical retailer Comet to a group of firms for &pou [more]

The first sushi restaurant in the UK to use a conveyor belt service, Moshi Moshi, has entered administration. Administrators at Kingston Smith & Partners have been drafted in to handl [more]

Organic babyfood maker Ella’s Kitchen has been looking to bring on board a financial adviser to explore options including a s [more]

Property development firm Terrace Hill Group is gearing up to sell the assets of its residential investment business, half of which is located in the South East and London. [more]

British Airways' owner International Airlines Group has agreed to buy the loss-making airline Bmi, currently owned by Lufth [more]

RSM Tenon has predicted that a report due to be released tomorrow will reveal that the corporate insolvency figures for the third quarter of 2011 has increased by 11 per cent on last year’s figure. This equates to another six businesses having failed every working day during the last quar [more]

Bagel Factory, the UK’s largest chain of bagel sellers, has been placed on the shelf with a £2 million p [more]

Twelve months after a management buy-out deal, 130-year-old Scottish knitwear firm Hawick Knitwear has seen its production double and has announced plans to take on 50 trainees over the next three years. [more]

Global mining giant Rio Tinto is readying to sell its aluminium smelting plant Alcan in Lynemouth, Northumberland, and is prepared to close it down if it is not sold. [more]

GlaxoSmithKline is planning to sell a swathe of consumer health product lines by the end of this year with a combined value of £700 mil [more]

Administrators have been called into South Yorkshire-based steelwork fabrication firm JGP Engineering. [more]