News

Sesame Bankhall Group up for sale

Mon, 11 Feb 2013 | BUSINESS SALE
Retail financial adviser network Sesame Bankhall Group has been placed on the market by its owner Friends Life. Barclays Investment Bank has been brought in to seek out interested buyers for the firm. A private equity-led managem... continue reading

Angel Biotechnology enters administration

Mon, 11 Feb 2013 | ADMINISTRATION
A Scottish life sciences firm has entered administration following difficulties in securing a deal with overseas investors. Angel Biotechnology makes antibodies, viruses and stem cells for clinical trials and is one of just a han... continue reading

City broker Seymour Pierce rescued in pre-pack administration

Sat, 09 Feb 2013 | ADMINISTRATION
Seymour Pierce, one of the oldest brokers in the City of London, has been rescued in a pre-pack administration, just hours after Grant Thornton were appointed as administrators on Friday. Cantor Fitzgerald, the investment bank, ... continue reading

HMV sale of shops confirmed

Sat, 09 Feb 2013 | BUSINESS SALE
HMV's sale of a total of 66 of its shops has been confirmed by the group's administrators. Administrators from Deloitte have confirmed that they plan to sell 66 of the company's 230 UK stores, putting 930 jobs at r... continue reading

Patton group's properties for sale

Fri, 08 Feb 2013 | COMMERCIAL PROPERTY
Properties relating to Northern Ireland builder Patton group, which entered administration in November last year, are to be sold off. Patton’s former headquarters is to be placed on the market for £800,000. Other prop... continue reading

Liverpool-based training provider enters administration

Fri, 08 Feb 2013 | ADMINISTRATION
A training provider that offered education to around 700 learners has entered administration. Scientiam explained that it was pushed into administration after an internal review confirmed that the business had “become insol... continue reading

GSK gets set for drinks business sale

Thu, 07 Feb 2013 | BUSINESS SALE
GlaxoSmithKline (GSK) is investigating a sale of its drinks businesses, Lucozade and Ribena. After announcing its plans for a strategic review of its business, the pharmaceutical group received immediate interest from investment ... continue reading

Car part manufacturer Klarius in administration

Thu, 07 Feb 2013 | ADMINISTRATION
Administrators have agreed a deal to save the business of car part manufacturer Klarius’s operations in Staffordshire, along with 234 jobs. Klarius Group and its subsidiary Quinton Hazell Automotive were placed into adminis... continue reading

Blackstone shelves office sale plans

Wed, 06 Feb 2013 | COMMERCIAL PROPERTY
Blackstone has put its plans to sell its Chiswick Park offices on hold for at least two years. The group has said that it is instead refocusing its efforts on a £600 million senior and mezzanine refinancing situation that w... continue reading

Liverpool's Rapid Hardware enters administration

Wed, 06 Feb 2013 | ADMINISTRATION
A well-loved Liverpool retail store, Rapid Hardware, has been pushed into administration. The bank of the family-run business, RBS, called in administrators from Duff and Phelps to take the business under their wing. Rapid’... continue reading

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