TAKEOVER: Specialist TV service provider Avesco has acquired a division of conference and exhibition service company Gearhouse from its joint administrative receivers.

NEW BOSS: Celtic, operators of Celtic football club in Glasgow, has appointed Ian McCleod as its new chief executive. Mr McCleod will replace Allan MacDonald in April.

BIG DEAL: Consumer packaging company Rexam has completed the sale of its Release business to forestry enterprise UPM-Kymmene for £85 million.

MAJOR PART: Royal & Sun Alliance has bought the majority of the Canadian property casualty business of US insurance firm Kemper for £31.5 million.