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flag Sainsbury's sells Argos financial services to NewDay, simplifying operations and planning big shareholder returns.

flag Sainsbury's, a UK grocery chain, has sold its Argos Financial Services card portfolio to NewDay Group, focusing on simplifying its financial operations and boosting shareholder returns. flag This move follows the company's sale of its core banking business to NatWest and plans to return £250 million to shareholders. flag Sainsbury's aims to enhance profit growth through its strategic business changes.

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