BP TO SELL NORTH SEA BUSINESS; AI COMPANIES LEAD RECORD SURGE ON KOREA’S STOCK MARKET – BUSINESS LIVE

Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licences Another of the top risers on the FTSE 100 this morning is Sainsbury’s. The supermarket chain is up 4% after it said it had agreed the £120m sale of catalogue shopping business Argos to a trio of retail veterans – a decade after buying the company for more than £1bn.

World news | The Guardian reports that live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licences Another of the top risers on the FTSE 100 this morning is Sainsbury’s.

The report adds: The supermarket chain is up 4% after it said it had agreed the £120m sale of catalogue shopping business Argos to a trio of retail veterans – a decade after buying the company for more than £1bn.

Sainsbury’s said it would be able to fully focus on its core food business and “creating a simpler business with higher margins, higher growth and stronger free cash flow generation”.

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