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Sainsbury’s has agreed to sell Argos for £120m after a long process of trying to offload it as the supermarket chain aims to focus on its main food business. Sainsbury’s said it would be “business as usual” for Argos customers, staff, and suppliers. Shoppers will see no change as Argos will still operate in Sainsbury’s…
Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market. The benchmark Kospi index closed almost 18% higher, driven by chip makers SK Hynix and Samsung Electronics. It came after earnings updates from US technology giants Amazon…
Speaking to former political adviser Jimmy McLoughlin on his podcast Jimmy’s Jobs of the Future, Burnham said he was concerned that the use of technology was not making recruitment processes “fairer”. “How do you get over some of your personality, your passion?” he asked, referring to virtual interviews. “It seems to me to then work…
Shell’s profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant posted profits of $9.84bn (£7.37bn) for the April-to-June period, up from $4.26bn at the same point last year. The price of crude has risen since the outbreak of the US-Israel war…
The Dreadnought-class submarines will replace the UK’s four Vanguard-class vessels that have been in operation since 1992, carrying Trident missiles to provide a nuclear deterrent. Those Vanguard submarines are due to be retired in the 2030s, with the Dreadnoughts entering service at the same time. The project has taken 20 years to get to this…
The Fed acknowledged that inflation remained “elevated”, which it said was in part due to rising energy prices, but said US economic activity was expanding at a “solid pace despite uncertainty caused by the conflict in the Middle East”. Warsh said he had wanted to and succeeded in having a “family fight” with his fellow…
Heathrow Airport will be allowed to charge airlines more for its services to recover money spent on the early stages of its third runway project. The aviation regulator is permitting the airport to claw back up to £320m through higher airport charges to airlines for each passenger. This is likely to end up adding 15p…
The sanctuary was set up in 2021 to rescue Mustard the pig, who was at risk of having to go for slaughter if a home was not found for him. Since then, the team of volunteers have taken in sheep, chickens, turkeys, cats, alpacas, guinea pigs and rabbits. Ms Prescott described the thought of having…
