Today: 5 July 2026

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Starting Saturday, dozens of Saks Off 5th stores kicked off going-out-of-business sales as parent company Saks Global scales back its discount operations amid bankruptcy proceedings. The company is also closing all remaining Neiman Marcus Last Call outlet locations. The closures cut off a discount channel that cleared designer goods for bargain-hunting shoppers wary of full prices. They also create a gap for outlet malls and landlords already struggling with store turnover.
1 February 2026
IRS tax refunds in 2026: Why payouts could be bigger — and why paper checks are fading

IRS tax refunds in 2026: Why payouts could be bigger — and why paper checks are fading

U.S. taxpayers may receive bigger IRS refunds this filing season, with analysts estimating the average refund at around $4,167—about $1,000 higher than last year. The increase is driven by new tax-law changes affecting 2025 returns. At the same time, the IRS is phasing out paper refund checks, pushing filers to opt for electronic payments. The IRS kicked off the 2026 filing season on Jan. 26, anticipating around 164 million individual income-tax returns by the April 15 deadline. IRS Chief Executive Officer Frank Bisignano encouraged taxpayers to “speed the processing of their returns by using e-file,” instead of mailing paper forms.
1 February 2026
IAG share price jumps on Friday — what to watch before Monday’s open and Feb 27 results

IAG share price jumps on Friday — what to watch before Monday’s open and Feb 27 results

London, Feb 1, 2026, 09:21 GMT — Market closed Shares of International Consolidated Airlines Group, the parent company of British Airways, ended Friday up 2.05% at 418.2 pence, outpacing the broader UK market. The FTSE 100 gained 0.51% during the session. Despite the rise, IAG’s stock remains roughly 4.65% below its 52-week peak of 439 pence, reached on January 7, according to market data.
1 February 2026
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National Grid share price: Ofgem opens Bramford-to-Twinstead review as rate week looms

National Grid share price: Ofgem opens Bramford-to-Twinstead review as rate week looms

London, February 1, 2026, 08:39 GMT — Market closed National Grid shares closed 0.37% higher at 1,234.5 pence on Friday, about 5 pence below a one-year high, after Ofgem opened a consultation on its project assessment for the Bramford to Twinstead transmission upgrade. The regulator is reviewing the scheme under its Accelerated Strategic Transmission Investment mechanism, including 18 km of new overhead lines and 11 km of underground cable between Suffolk and Essex, with responses due by March 2. The stock is up about 8% since the start of the year.
1 February 2026
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NS&I’s £3bn IT overhaul hits another reset as Premium Bonds giant weighs cutting legacy links

NS&I’s £3bn IT overhaul hits another reset as Premium Bonds giant weighs cutting legacy links

London, 08:20 GMT, Feb 1, 2026 Britain’s state-owned savings bank, National Savings & Investments, is exploring ways to reduce the effort needed to link its aging IT systems with new services as it attempts to revive a delayed tech overhaul, CEO Dax Harkins told the Public Accounts Committee in a letter. The project is now expected to finish “outside the March 2028 target date and outside the agreed budget.” NS&I aims to complete an options analysis by the end of March, after which ministers will decide on a revised delivery plan.
1 February 2026
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Stock Market Today

  • Lynas Rare Earths (ASX:LYC) draws focus as NdPr demand and US push add to bull case
    July 4, 2026, 6:16 PM EDT. Lynas Rare Earths (ASX:LYC) is back in the spotlight with stronger demand for neodymium and praseodymium (NdPr), key materials for EVs and wind power. The miner is building a US processing plant with backing from the US Department of Defense, an attempt to shift supply chains away from China. Lynas forecasts A$2.4 billion in revenue and A$1 billion in earnings by 2029, a jump from today's levels. The new US plant and a 2025 MoU with Noveon Magnetics aim to boost the company's links to defense and critical infrastructure. Execution and global supply risks remain, which could pressure prices and margins. Market views are split; some analysts are upbeat about growth driven by US support, while others flag ongoing cost and competitive risks.
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