AGP Executive Report
Last update: 23 minutes agoBudget Pressure: M&S chief Stuart Machin has urged Chancellor John Healey to reverse business tax rises, warning they are weighing on retailers and weakening growth. UK businesses and consumers are also holding back spending amid uncertainty ahead of the Budget. Jobs and Industry: Carlsberg Britvic plans to close Marston’s Brewery, putting 310 jobs at risk. Royal Mail is set to cut 2,500 roles in 2027, while manufacturers can apply for support covering up to a quarter of power bills. Major Deals: The Weston family has agreed an $8.9bn deal to buy Boots, in a major shift for the UK pharmacy chain. Revolut is also exploring licences to offer digital banking and payments in the Philippines. Property and Rates: UK house prices stagnated in September, and higher interest rates are expected to add pressure to the property market. Start-up Rules: The government plans to ease non-compete clauses, a move intended to help startups and scaleups recruit talent.
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