Whitbread sells David Lloyd gyms
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Leisure company Whitbread is to sell its David Lloyd gym chain to a private equity firm and bank for Â£925m.
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Food and drinks entrepreneur Hugh Osmond has bought four life assurance funds for Â£1bn ($1.97bn). Mr Osmond has purchased the brands - Pearl Assurance, NPI, London Life and Provident Life - from financial services group HHG.
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LONDON (CBS.MW) -- Whitbread (UK:WTB) , the FTSE 100 stock and UK pubs and hotels owner, said same-store sales rose 3.1 percent in the 24 weeks to Aug. 19, with comparable sales growth at Travel Inn and Marriott hotels leading the percentage gainers.
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Eurocastle Investment, a London-listed group managed by US private equity group Fortress Investment, is to pay â¬300m (Â£210m) for a Deutsche Bank property portfolio, the latest deal in the vast property sell-off under way in Germany.
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The struggling Allders department store chain is back on the market - less than two years after it was bought by property group Minerva for Â£132m.
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Whitbread, the leisure firm that owns Costa Coffee and David Lloyd, will rejoin the FTSE 100 stock index.
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Andew Lloyd Webber is in talks to sell four of his West End theatres, a spokesman confirms.
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J Sainsbury Plc , Britain's third-biggest supermarket operator, said on Friday it had sold a 5 percent stake in Sainsbury's Bank for 21 million pounds ($41 million) to British banking group HBOS Plc .
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Tesco, the largest supermarket chain in Britain, said it had raised its stake in its Chinese joint venture with Ting Hsin to 90 percent, in a deal valued at Â£180 million ($351 million). Two years ago, Tesco took a 50 percent stake in the venture, Ting Cao, a wholly owned subsidiary of Ting Hsin, which operates the Hymall chain of 44 supermarkets. Ting Cao plans to opens its first store in Beijing early next year.
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The Devon hotel which inspired the classic BBC sitcom Fawlty Towers is sold for about Â£1.5m.
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William Morrison Supermarkets has agreed to sell 114 small Safeway stores and a distribution centre for 260.2 million pounds. Morrison bought these stores as part of its 3 billion pound
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IBM has signed a Â£500m, seven-year deal with Lloyds TSB to enhance the bankâs voice and data services. IBM is acting as the Lloyds TSBâs strategic technology partner, as the bank builds a new national
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Financial group HHG today announced the Â£1.03 billion sale of its UK life insurance business, which includes the Pearl and London Life brands.
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Wyndham International Inc. on Thursday said it agreed to sell six Summerfield Suites hotels and a stake in the Summerfield brand to a unit of Lehman Brothers Holdings Inc.
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WOLVERHAMPTON &amp; Dudley, Britainâs biggest regional brewer, said it was buying another beer-making company in a Â£119 million swoop as it posted improved profits for the year.
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British building materials merchant Travis Perkins Plc said on Thursday it agreed to pay Â£950 million ($1.84 billion) for home-improvement chain Wickes, sending its shares down nearly 3 percent.
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