Sainsbury’s, a leading UK supermarket group, is selling Argos to Swift Partners for at least £120m as it refocuses on core groceries amid cost and market pressures.
Sainsbury’s has agreed to sell Argos and the Habitat brand to Swift Partners, a new firm led by veteran retailers Richard Pennycook, Trevor Strain and Matt Truman. The deal includes Argos’ standalone stores, in-store Argos outlets, collection points and related assets, with completion expected in February 2027 and full separation by 2029. Sainsbury’s says the move will let it focus on its core food business, while Swift plans to invest and expand Argos.
Across UK and Europe, campaigns argue for cage-free hen housing and a fur-farm ban, citing public support and health-risk considerations. The Guardian and The Ecologist report growing political and industry pressure, with policy shifts underway and potential EU-wide action.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
Major UK retailers have written to the prime minister, coordinated by the British Retail Consortium, urging a review of policies on national insurance, the national living wage, and employment rights to boost youth employment. The move follows Neets data showing over one million 16-24-year-olds not in work or education. Government is rolling out a youth employment package and new payments to support entry-level hiring.
A Lidl wine-tasting event is reshaping its rotation into a three-month seasonal system, following a London tasting that highlighted Iberian picks and cautioned against older whites and rosés. The piece surveys consumer-friendly ranges and notes best buys across major retailers.
The government has moved up the removal of the de minimis import relief to October 2028, after discussions with industry. Retailers call the timeline still too slow, arguing it leaves UK high streets at a competitive disadvantage to foreign online sellers.
Gousto has proposed closing its Clay Lake, Lincolnshire facility and centralising production at Warrington, Cheshire to improve efficiency and keep prices low amid a highly competitive meal-kit market. About 290 staff face redundancy; Gousto stresses care and support for affected workers.
English wine is expanding with higher production and a broader range of styles. Waitrose, M&S and Aldi are cited for low prices and accessible options, while producers experiment with sparkling, still and orange wines, signaling a maturing sector.
England prepares for a 1am local kickoff in Mexico City as the World Cup last-16 clash against co-hosts Mexico tests players, staff, and fans. Altitude, travel fatigue, and sleep schedules are shaping preparations, while employers weigh flexible working policies for workers watching late games.
Independent reports Aldi is launching a 1.5-litre magnum of Le Grand Poulet rosé, signalling strong value in supermarket wine. The bottle goes on sale nationwide on July 6, priced at £11.99, with early reviews noting fresh strawberry, raspberry and peach notes and a softer, less dry finish than La Vieille Ferme rosé.
A cross-industry taskforce led by former John Lewis chair Sir Charlie Mayfield has signed up more than 250 major employers to monitor sickness absence, return-to-work outcomes and disability participation. The aims are to reveal workplace health performance and unlock productivity gains valued at billions. The initiative follows government reforms and ongoing debates about welfare and labour participation.
A European heatwave has intensified, with records shattered across multiple countries. New analyses attribute a substantial share of heat-related deaths to human-caused climate change, while authorities warn of ongoing health and infrastructure pressures as temperatures stay high.