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Thu, 21 Jun 2012 | DIVISION SALE
Fitness First has escaped administration after its landlords agreed to reduce their rent bills by over 70 per cent.
KPMG has guided the chain into a CVA, which will enable it to pay between 23p and 28p for every £1 that it ... continue reading
Thu, 21 Jun 2012 | MERGER
The ongoing attempts by Ryanair to buyout Aer Lingus have hit another wall with the smaller airline shooting down a surprise bid from Michael O'Leary's firm.
Ryanair made an offer valuing the airline at €694 millio... continue reading
Wed, 20 Jun 2012 | BUSINESS SALE
Alliance Boots is to sell a 45 per cent stake to its US larger equivalent Walgreens for $6.5 billion in a tie-up that Stefano Pessina, head of Boots, has wanted for a long time.
The deal is to take place in two stages and may lea... continue reading
Wed, 20 Jun 2012 | COMMERCIAL PROPERTY
Property developer Hammerson is to redefine its approach to commercial property and is moving away from the office market in order to specialise in retail property.
As part of this plan, the firm has sold the majority of its offi... continue reading
Wed, 20 Jun 2012 | ADMINISTRATION
One of the North East's best-known bakers has entered administration, putting more than 100 jobs at risk.
Based at Burnopfield, pie-maker Tindale & Stanton has been taken over by administrators from Sheffield-based The P&A P... continue reading
Tue, 19 Jun 2012 | MBO/MBI
A £19.6 million buyout of Bell Pottinger led by Lord Bell has gained majority approval by the shareholders of Chime Communications. 18 senior managers and two unnamed private individuals backed the buyout.
Lord Bell is to c... continue reading
Tue, 19 Jun 2012 | BUSINESS SALE
Dairy giant Müller has purchased Shropshire creamery Minsterley in a £4.3 million deal.
The purchase will see Müller take over the 26 acre plant in January 2013. Workers at the plant will be retained, while the ra... continue reading
Mon, 18 Jun 2012 | ADMINISTRATION
Duff & Phelps has been appointed administrator to Allders in Croydon, the last department store standing out of its once 50-store strong chain, due to tough trading conditions.
This year marks the 150th anniversary for the shop, ... continue reading
Mon, 18 Jun 2012 | ADMINISTRATION
Somerset-based electronics manufacturing firm Herald Electronics has entered administration, it has been confirmed.
Reports from Insider Media revealed that BDO was appointed administrator for the sub contract firm on 1 June. Dav... continue reading
Fri, 15 Jun 2012 | BUSINESS SALE
Former Genesis front man Peter Gabriel has sold We7, the free-to-listen internet radio service in which he holds a majority stake, to Tesco.
Tesco has purchased a 91 per cent stake in We7 for £10.7 million, as part of its s... continue reading
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Building maintenance and repair firm targeting expansion after acquisition | DIVISION SALE
A North Yorkshire-based company that provides maintenance an...
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Fairstone adds 100th firm to Downstream Buy-Out model | BUSINESS SALE
Wealth management firm Fairstone has added the 100th firm to...
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Offers around £5m sought as luxury holiday lodges brought to market | COMMERCIAL PROPERTY
More than 30 luxury holiday lodges at Belton Woods Hotel, Sp...
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