AGP Executive Report
Last update: 11 hours agoTelecoms: Virgin Media O2 plans thousands of job cuts and £800m in savings by 2029, while halting parts of its UK fibre expansion as broadband customers fall. Retail: Asda has appointed former Morrisons chief David Potts as CEO to lead its turnaround, with sales growth returning amid intense discount-store competition. Manufacturing: UK factory activity strengthened in October, with the PMI reaching 52.8 and output growing at its fastest pace in just over two years; rising costs and weaker hiring temper the improvement. Brickmaker Ibstock, meanwhile, has cut production as UK demand slumps. Cybersecurity: The NCSC says vulnerable refrigeration systems have been exploited at a handful of UK organisations after attacks disrupted supermarket cold storage across Europe, raising concerns about food supply resilience. Trade and finance: The UK and EU have agreed a draft deal to ease post-Brexit food trade barriers, while six banks have been appointed to support a planned pilot of Britain’s first digitally native government bond.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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