Argos-owner GUS today announced the £590m (€814m) sale of its home shopping businesses in the UK, Ireland and Sweden to the millionaire Barclay brothers in a move designed to cut its debts.

New Football Association chief executive Mark Palios is relishing the chance of taking charge at Soho Square even though he was only second choice for the job.

Littlewoods chief executive Barry Gibson has left the retailer after losing the backing of his board, it emerged today.