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Sainsbury's sells Argos for £120m


By Goran Nastic

Supermarket chain Sainsbury's has agreed to sell Argos to newly formed investment vehicle Swift Partners for at least £120m in order to sharpen its focus on its core grocery operations.


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Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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ITV announces £100m buyback ahead of M&E sale to Sky

Commercial broadcaster ITV reiterated its full-year guidance and announced a £100m share buyback ahead of the sale of its Media & Entertainment (M&E) business to Sky

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IAG capacity drops following Middle East impact

International Airlines Group (IAG) has seen its capacity drop lower than expectations in the first half of the year, following the impact of the Middle East conflict and the timing of Easter

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Taylor Wimpey struggles in 'uncertain' market

Taylor Wimpey has seen its share price drop by almost 5%, after stating in its H1 update that its second quarter was "more challenging" as affordability pressures were exacerbated by the Middle East conflict

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Rolls-Royce ups profit guidance in H1 update

Rolls-Royce has increased its operating profit expectations for the full-year, following another period of "strong strategic delivery" in H1.

The FTSE 100 engineering firm recorded a 24.5% year-on-year increase in underlying revenue in the six months to 30 June, reaching almost £11.3bn, while its underlying pre-tax profit jumped by 47% to £2.49bn

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Strong trading and higher oil prices lift Shell profits

Shell reported a 70% rise in first-half profits and a further $3bn share buyback programme as higher oil prices, robust trading and record operational performance offset disruption from the conflict in the Middle East

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BAE Systems’ sales soar as order intake increases

BAE Systems has recorded a 9% year-on-year jump in sales, increasing to £15.7bn in the six months to 30 June

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Lloyds sets course for Accelerate 2030 strategy

Lloyds Banking Group delivered a strong set of half-year results, combining higher profits, a substantial increase in shareholder returns, and a new long-term growth strategy based on AI and digital transformation

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Greggs’ shares rise as sales continue upwards

Shares in Greggs have increased by over 16% as the bakery chain saw its sales jump by 7.2% year-on-year to just over £1.1bn in the six months to 27 June.

The firm said this growth was supported by estate expansion and B2B partnership development, despite operating in a "challenging market"

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Valhalla drives improved results for Aston Martin

Aston Martin reported improved first half numbers, driven by deliveries of its Valhalla hybrid supercar, backed by a recently completed £550m refinancing

Aberdeen operating profit jumps but shares fall

Aberdeen’s adjusted operating profit (AOP) has increased by 21% year-on-year in the six months to £151m, although its share price dropped by over 5% after it recorded net outflows of £3bn
AstraZeneca posts better-than-expected H1 results

AstraZeneca reaffirmed its full-year guidance after reporting stronger-than-expected first-half results
Ofgem looks to clamp down on speculative data centre projects

Ofgem has launched a consultation on new measures to remove speculative, stalled and unviable data centre projects from Britain's electricity connections queue, as applications for grid capacity have increased three-fold in less than a year


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