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BICC is to sell its energy cables division to General Cable of the US for £275m, in order to focus on its Balfour Beatty construction business.

BICC is selling its lossmaking telecommunication cables business to Corning of the US for £82m.

BICC and Delta have agreed a £40m asset swap that will see Delta acquire BICC's construction and building wire business and BICC acquire Delta's power and rubber cables business, and about 870 jobs could be lost as a result.

BICC is to merge its German cables business with those of NKF of the Netherlands, forming a new venture called Kaiser Kwo Kabel, in order to make cost savings and increase competitiveness in an overcrowded market.

BICC is planning a £25m expansion at its high voltage cable plant in Erith, Kent, in order to make undersea power cables, creating up to 60 jobs.

Westbury is to buy Clarke Homes from BICC for £60.7m.