J Sainsbury plc (SBRY.L), a retailer of food, clothing, and general merchandise, On Monday announced the sale of the Argos Financial Services card portfolio to NewDay Intermediate Holdings Limited.
Financial terms of the deal have not been disclosed.
NewDay announced that it has secured financing and antitrust approvals to acquire the AFS Portfolio.
NewDay will take full legal ownership and servicing responsibility when the migration is completed, which is expected in the first quarter of 2026.
Friday, Sainsbury had closed 0.31% higher at 258.60 pence on the London Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.