Ian and Richard Livingstone's London & Regional, backed by Bank of Scotland Corporate, has bought the David Lloyd Leisure chain from Whitbread. The Times. The Independent. Daily Telegraph. Financial Times

Proceeds from the £925m sale will help to cut Whitbread’s group debt but could be used for 'further value-creating opportunities'. Whitbread is understood to be one of the bidders in the auction for Jurys Inn, the Dublin-based hotel chain, for which final round bids are due this week.