News

Scottish Power sale plan put on hold

Mon, 14 Jan 2013 | BUSINESS SALE
Iberdrola has put its plan to sell a substantial stake in Scottish Power on hold after recent asset sales proved to be better than expected. The Spanish company had been exploring the sale of a stake in its UK-regulated power bus... continue reading

Rank reviews online sports bookies Blue Square

Mon, 14 Jan 2013 | DIVISION SALE
Rank Group is undertaking a review of its troubled online sports betting business Blue Square, which is expected to be placed on the market. Loss-making Blue Square was purchased by Rank in 2003 for £63 million and the ow... continue reading

HMV sale sparks rumours of fresh trouble

Sat, 12 Jan 2013 | BUSINESS SALE
News of a longer than normal HMV sale has sparked a fresh round of rumours about the future of the high street retailer. It is no secret that the business has been struggling for some time now. The shift in the consumer approach ... continue reading

Sale sought for Britannia Developments in administration

Fri, 11 Jan 2013 | ADMINISTRATION
Britannia Developments has entered administration with Adrian Berry and Daniel Butters from Deloitte brought in as the joint administrators on 2 January 2013. The troubled firm is at the forefront of house building in the Yorkshi... continue reading

Cosalt set to sell operating businesses

Fri, 11 Jan 2013 | BUSINESS SALE
Offshore services group Cosalt is in talks to sell its two key operating businesses in a bid to reduce its heavy debt burden. Heavy debt, alleged fraud, pension liabilities and insufficient working capital have all dragged down t... continue reading

BI Composites saved from administration

Thu, 10 Jan 2013 | ADMINISTRATION
Linecross, a Rutland-based manufacturer of engineered thermoformed and polyurethane components, has purchased a rival out of administration. Over 100 jobs at BI Composites in Staffordshire have been saved in the deal, which was f... continue reading

Jessops enters administration

Wed, 09 Jan 2013 | ADMINISTRATION
Photography retailer Jessops has entered administration, appointing PwC to handle the situation Sources from Sky News confirmed that an application for administration was filed on the morning of Wednesday 9 January, making the co... continue reading

London commercial property investment 'highest since 2007'

Wed, 09 Jan 2013 | COMMERCIAL PROPERTY
The commercial property market in London enjoyed a strong year in 2012, with investment reaching a five-year high. According to a recent report from Cushman & Wakefield, the sector saw £12.57 billion worth of Central London... continue reading

Golf club sale completed

Wed, 09 Jan 2013 | BUSINESS SALE
The Lostwithiel Hotel Golf & Country Club has been sold to a local entrepreneur, it has been confirmed. The 18-hole course was just one of three golf clubs to be sold recently by property consultants, GVA. The firm has also handl... continue reading

Oakland Care Ltd enters administration

Wed, 09 Jan 2013 | ADMINISTRATION
Oakland Care Ltd, a company that owns and manages two established retirement care homes in the West Sussex region, has entered administration. The firm appointed Keith Robin Cottam and Gareth Graham Self of Probitas Ltd on 11 De... continue reading

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