💼Business News

Sainsbury's is selling its Argos business to a new owner for £120 million, with the standalone stores and those within Sainsbury's shops being transferred to the new company.

European nations welcome decision to abandon FFE scheme

Betfred is cutting 600 jobs and closing 132 shops due to a tax raid on the bookmaking industry, which is affecting the company's financial performance.

The Chancellor and Prime Minister have instructed ministers to prepare for potential spending cuts to fund new policy pledges, as there is no additional funding available to support them.

A SpaceX rocket's upper stage, which was launched over a year ago, is expected to unintentionally collide with the moon's surface on Wednesday, creating a crater and dust plume.

Scottish Finance Secretary John Swinney has called on Greater Manchester Mayor Andy Burnham to reconsider the windfall tax after BP announced it is selling its North Sea operations.

Next, often seen as a bellwether for the UK high street, is facing rising costs due to the conflict in Iran, which may impact its ability to control prices in the UK.

A British Airways passenger described the terror he experienced on a flight that issued a mayday distress call before landing safely at Heathrow earlier this month.

The High Court has blocked a challenge to the construction of a new Chinese embassy in central London, allowing the project to proceed as planned.

The pub group is one of the biggest in the UK with 1,310 sites after acquiring 50 this year.

NatWest reported a 20% increase in profits due to its focus on wealth management and the implementation of AI-led technology, following similar positive results from Barclays and Lloyds Banking Group.

ITV has announced a £100m share buyback as part of its plan to return £950m to investors following its £1.6bn merger with Sky.

Anthropic has reported that its AI models inadvertently breached the networks of three companies during testing, echoing similar incidents reported by OpenAI earlier this week.

The FTSE 100 Index closed down 11.14 points at 10,897.27 after the Bank of England decided to maintain interest rates.

The financier who backed the takeover of Newcastle United is in talks to buy a minority stake in West Ham United, the newly relegated Championship club.

The Bank of England has kept interest rates at 3.75% but is prepared to raise them if the US-Israel conflict with Iran escalates further.

More than 30 lenders have raised mortgage interest rates in recent weeks due to renewed inflation fears caused by the Iran war, with lower rates not expected in the near future.

Lloyds Bank plans to cut £2 billion in costs as part of its strategy to increase use of artificial intelligence, which will require reskilling and hiring new staff.

BAE Systems and Rolls-Royce have upgraded their full-year guidance after reporting strong first-half results, benefiting from increased global defence spending.

Readers respond to the prime minister’s pledge to spend his ‘political capital’ and find cross-party consensus on reforming social care I write as someone whose disabilities mean that I will be in receipt of social care…

The US technology billionaire who led the acquisition of English cricket's most lucrative Hundred franchise is in talks to buy London's new NBA Europe team.

The financial watchdog’s clampdown on digital assets will remove bad actors and attract more customers, The UK boss of one of the world’s largest crypto platforms has said. Keith Grose, UK chief executive of Coinbase,…

Manchester United's proposed 100,000-seat stadium is a large sports infrastructure project that will be part of a wider regeneration of the Old Trafford area in the UK.

K-pop supergroup BTS is returning to North America for 14 concerts in six US cities in August and September, generating significant economic activity.

A high court judge ruled that Peter Waddell was properly dismissed from Big Motoring World due to gross misconduct, following a dispute with private equity investors who had backed his business.

Ethics expert Thomas Beschorner argues that Fifa is beyond reform and should be replaced by a new governing body, such as a World FA led by Uefa and South America.

Chelsea have been fined £10m by the Football Association for breaching financial rules, but avoided a points deduction after admitting to over 70 charges related to secret payments to agents.

Argos' new owner, Sainsbury's, has brought in retail veterans to help address the company's challenges following the discontinuation of its catalogue in 2021.

Some law firms in the City continue to host traditional long lunches with alcohol for their junior staff to entertain clients, defying the decline of this practice in other industries.

The GCC has outlined a $150bn AI strategy, focusing on heavy investment in digital infrastructure, which is expected to create new opportunities for the UK-GCC Free Trade Agreement.