First Choice confirms sale talks

First Choice Holidays has confirmed it is in talks with a number of companies over the possible sale of its package holiday business.

The UK firm said it was accessing the future of its package holiday arm, which has 2.5 million customers, following weekend newspaper reports.

First Choice said there could be "no certainty" that a bid would be made.

The Sunday Times said First Choice planned to focus on specialist holidays by selling its mainstream arm.

First Choice, whose package holiday business is estimated to be worth about £500m, has more than 300 High Street branches.

The Sunday Times reported that British tour operator MyTravel was talking to First Choice about buying its main package holiday business.

The newspaper also said German-owned rival Thomas Cook was interested in a deal.

First Choice said any sale of its package holiday arm would probably be scrutinised by competition authorities.

BBC News