News

Sainsbury's sells Argos to retail veterans Swift Partners for £120m

Today

Sainsbury's will get cash proceeds of at least £120 million from the sale, with a £70 million up-front payment when the deal completes, which is expected in February next year.

Jaguar Land Rover to cut 300 jobs as part of £1.7bn cost-saving drive

Today

The job losses are in addition to the 500 roles cut last July as JLR continues its 'transformation initiatives' in its recovery from last year's devastating cyber attack.

BP pulls out of North Sea after being battered by Labour windfall taxes and Net Zero drive - ending six decades of oil production

Today

Ministers were told the bombshell announcement this morning should serve as a 'deadly serious wake up call' over the future of Britain's huge natural resource.

House prices edge up in July as high mortgage rates and tax worries put people off moving

Today

House prices inched up in the year to July as people were put off moving by high mortgage rates and worries about future tax hikes.

How to gift money to avoid inheritance tax without worrying your kids will blow it: Andrew Oxlade

Today

Many parents don't actually want to make their children richer today, they want to make them more secure tomorrow - and my plan achieves just that. Here's how it works.

Lewis Hamilton's father makes £2.9m selling 27 of his classic cars at auction

Today

If rumours are to be believed, Lewis Hamilton is earning £50m-a-year from his Ferrari F1 contact. But it's not just the seven-time champ cashing in recently in the Hamilton household.

It takes 216 days to move house in Britain: This is where sellers face the longest wait

Today

Delays can be caused by problems with the property or complicated chains, but Rightmove said over-worked lawyers were also holding things up.

BP to slash 700 jobs as part of major shake-up under new chief exec

Yesterday

New BP boss Meg O'Neill, pictured, has been tasked with leading BP's pivot back towards fossil fuels after a disastrous renewable energy drive.

Time to take Huw's bitter Pill for rates: Chief economist's warnings should not be ignored, says ALEX BRUMMER

Yesterday

Expecting the smart economic minds on the Bank of England's interest rate-setting panel to forecast the out-turn of events in the Middle East is preposterous.

Fury as Shell profits double after cashing in on Middle East turmoil causing misery for motorists and bill payers

Yesterday

The energy giant said the US-Iran war, which has caused oil prices to spike, helped drive its second best quarterly profits ever. Howard Cox, founder of FairFuelUK, said: 'This is pure corporate greed.'

Bank of England governor Andrew Bailey keeps door open to rate hike amid continuing global uncertainty

Yesterday

Bailey's comments came as the Bank of England's Monetary Policy Committee voted 6-3 to keep to borrowing costs at 3.75%.

BAE boss demands action on defence spending: Burnham told to set out 'clear pathway' to achieve Nato targets

Yesterday

Charles Woodburn welcomed Burnham's pledge to meet a Nato goal of spending 3.5% of national income on defence by 2035.

Best cash Isa savings rates: Easy access and fixed deals in our tables

Yesterday

This is Money's best cash Isa tables are updated as new deals arrive and highlight the top easy access and fixed rate Isas from banks and building societies.

Magnum receives heatwave sales boost in Europe but sees volume growth melt away in US thanks to fat jabs

Yesterday

The company, which owns the Cornetto and Wall's brands, saw sales volumes rise 5% in Europe, which has been experiencing heatwaves this spring and summer.

Pension savers are tapping pots for record sums, reveals HMRC

Yesterday

Pension experts say the increase in taxable cash withdrawals could be down to more people retiring with defined contribution pots, but also cost-of-living pressures.

Best investment platforms: How to choose the right account for you

Yesterday

Choosing the right investing platform is crucial but a wealth of choice can leave investors scratching their heads. We pick some of the best.

Inflation will rise this year, says Bank of England as rate-setters split over hike

Yesterday

The Bank of England held interest rates at 3.75% today, despite fears that the recent spike in energy prices could prompt another inflation shock.

Disabled drivers left behind by electric car transition: Three-quarters of councils have no accessible chargers

Yesterday

Seventy-five per cent of councils currently don't have devices specifically adapted for drivers with accessibility needs or conform to recognised accessibility standards.

Homes with a sea view cost up to £220,000 more as buyers prepared to splash out on coastal locations

Yesterday

Rightmove probed asking prices in seaside towns and found the price tag of a sea view property has soared by more than a quarter in the past seven years.

Jaecoo 7 - dubbed the 'Temu Range Rover' - has just driven the length of the UK on one tank of fuel

Yesterday

The £35,500 Chinese hybrid SUV has just completed an authenticated real-world fuel economy test in which it drove a staggering 828 miles without stopping.

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