Balfour Beatty, Britain’s largest construction group, will sell its U.K. facility-management business to GDF Suez SA for about 190 million pounds ($295 million) to focus on the infrastructure industry.
The U.K. government invited stockbrokers and share-dealing services to apply to be intermediaries in the retail sale of shares in Royal Mail Group Ltd., the 360-year-old postal service, in an initial public offering.
U.K. Business Secretary Vince Cable will today announce plans for the sale of shares in state-owned Royal Mail Group Ltd., with 10 percent of the stock to be given to staff, according to a person familiar with the proposals.
The U.K. Department of Business appointed Investec Plc, Nomura Holdings Inc. and Royal Bank of Canada to junior roles in the sale of Royal Mail Group Ltd., according to a person familiar with the decision.
Jet2.com, the U.K. discount airline specializing in flights from northern England, spurred annual earnings at parent Dart Group Plc 44 percent following a surge in bookings to its European holiday destinations.