Cable & Wireless's Mercury Communications subsidiary has won a pounds 48m contract to supply voice communications to Lloyds TSB Group. The five- year contract is for a managed service, delivering the corporate voice network linking the offices of Lloyds Bank and TSB Bank across the UK. The network will help Lloyds with the integration of its two banking groups following last year's takeover of TSB.
Grand Metropolitan has sold its Benelux-based bakery businesses, comprising Suzy, Desobry and Driehoek Holdings, to Compagnie Nationale a Portfeuille for pounds 8.5m, including debts. The businesses make waffles, biscuits and traditional Dutch cakes. Combined sales for these businesses for the year to September were around pounds 29m and operating profits pounds 100,000.