1. Sainsbury’s suffers Argos sales dip as electronics demand falls off
Argos sales declined 6.2% year-on-year sales in the 16 weeks to 22 June due to a drop in demand for consumer electronics.
2. Revolut revenues nearly double in landmark year for British fintech star
Revenues reached £1.8 billion in 2023, a 95% increase from the previous year, per an annual statement published today.
3. FTSE 100 lower
Blue chips dip.
4. Fox to roll out free streaming platform Tubi in UK
The service will feature content from major US entertainment companies such as Disney, NBCUniversal, and Sony Pictures, as well as original productions and shows from India and Nigeria, the FT revealed.
5. Strong US jobs data dashes hopes of September rate cut
Signs of strength in the jobs market could hamper the US Federal Reserve's decision to cut rates in September.