Au Vodka is in advanced talks over a possible sale. US drinks group Sazerac is discussing a transaction worth up to £500m, potentially delivering a major exit for the Swansea-founded brand’s founders after a decade of rapid growth.

BP’s North Sea sale process is attracting several potential bidders. Neo Next+, Adura, and Ithaca Energy are among likely contenders for a portfolio valued around £2.5bn as BP reshapes its asset base and UK offshore operators consolidate.

Frasers Group has bought Harvey Nichols after administrators took control. The deal covers six UK stores, online operations, inventory, franchise agreements, and more than 1,000 employees, with a significant restructuring programme now planned.

Cordel’s takeover by Vossloh has cleared its final court hurdle. The acquisition is expected to become effective on 13 August, with Cordel’s AIM listing scheduled for cancellation the following morning.

Nichols is buying VITHIT to broaden its drinks portfolio significantly. The €75m cash-funded acquisition adds a profitable functional-drinks brand with UK, Irish, and international distribution, and is expected to enhance earnings immediately.

UK regulators have cleared Paramount’s acquisition of Warner Bros Discovery. The decision follows binding commitments covering editorial independence, programming, investment, and the preservation of distinct news identities.

Apollo’s recommended offer puts easyJet on course for private ownership. The £5.7bn transaction follows Castlelake’s withdrawal and includes an unlisted rollover option for eligible shareholders.