Channel Islands

Orb will sell the 37 Thistle hotels it bought last year in a bid to replenish Izodia’s coffers, reports the Financial Times.

Holmes Place has cut back its opening programme from 21 health clubs to 11 this year. It plans another 15 in 2004 and 2005 to take it to 90 clubs…

Liberty International chairman Donald Gordon has declared the purchase of 51,385 shares for £287,000, taking his stake in the company to 11.5%.

Kohlberg Kravis Roberts says it has decided “not to progress its potential offer” for Safeway. It said the supermarket group’s share price was too high.

Fitzhardinge has completed an £8m deal to buy Gooch Webster. Thirty-five jobs are at risk because of the merger between the two estate agents.

Housing campaigners and council leaders have warned that the government’s decision to, in effect, end the house building role of local councils could devastate plans to build thousands of affordable…

Orb has defaulted on two loans, thought to be worth more than £10m, from Morgan Stanley. The investment bank reserves the right to appoint a receiver for Orb’s portfolio of…

The Department of Health (DoH) is one of seven departments the Better Regulation Taskforce has criticised over costs of regulation to business.

TBI has denied it is in talks to go private. It said it was not in talks with Bank of Scotland or anyone else, following speculation at the weekend.

John Prescott believes devolved government will eventually spread to cover the whole of England. The Deputy Prime Minister told devolution campaigners in York that the first referenda on elected regional…

Property solicitors have been rushed off their feet as international equity refugees seek safety, reports Times Law. The newspaper publishes Estates Gazette’s Top Deals of 2002 table, led by Shell-Mex…

Credit Suisse Asset Management has decided to reduce its retail property portfolio and invest in central London office space. It sees the potential for bargains because of failing prices.