These sit awkwardly alongside the company's UK motoring operations, which were dealt a blow when the Monopolies and Mergers Commission blocked Cendant's bid for RAC Motoring Services. The sale of NPC and Green Flag (acquired last year for £801 million) and PHH would certainly give the troubled Cendant a welcome cash injection.
But Rosemary Wells, strategic director of marketing at Swindon-based Cendant Business Answers, said talk of selling the three companies - reported in the Sunday Telegraph - was 'unsubstantiated rumours'. And a London-based spokesman for Cendant Corporation said: 'The businesses are not for sale. We are not seeking buyers.'