Sainsbury's has agreed to sell its Argos business to Swift Partners for at least £120 million, allowing the retailer to concentrate on its core food operations and strategic growth. The deal includes an initial payment of £70 million expected by February 2027, with an additional £50 million deferred over three years. The transaction is expected to be neutral on operating profit but slightly boost earnings per share and reduce net debt by around £250 million. Long-term commercial agreements will maintain Argos presence in Sainsbury's stores, supporting continuity for customers and ongoing income for Sainsbury's. Full separation is anticipated by February 2029, pending regulatory approval.
Worldline finalized the sale of its 51% stake in ANZ Worldline Payment Solutions Australia to its joint venture partner ANZ for an enterprise value of approximately €107 million. This divestment is part of a broader strategy where Worldline is sellin...
Worldline has completed the sale of its 51% stake in ANZ Worldline Payment Solutions Australia to its joint venture partner ANZ for approximately €107 million. The company will continue providing technology and software services during the transition...
STARTRADER is expanding its CFD offerings with 31 new US Share and ETF CFDs available from early August. These new instruments cover companies and funds in semiconductors, AI infrastructure, optical networking, and nuclear energy, reflecting growing ...
Ipsos has named Kelly Beaver as its new CEO, effective immediately, succeeding Jean Laurent Poitou. Beaver brings over 15 years of experience within Ipsos, including leadership roles in the UK and global health division. The board praised her experti...
Ipsos has appointed Kelly Beaver as its new Chief Executive Officer, effective immediately, succeeding Jean Laurent Poitou. Kelly Beaver has over 15 years of experience at Ipsos, including leadership roles in the UK and Ireland and global healthcare ...
