AGP Executive Report
Last update: 7 hours agoUK Economy & Markets: The FTSE 100 ended June just shy of its early-year record, up 5% for the first half but lagging US peers as the S&P 500 and Nasdaq hit fresh highs; global shares were mixed overnight with the dollar at a 40-year peak versus the yen, and investors watched US-Iran talks and Strait of Hormuz access. Energy & Trade: Shell said global LNG trade in 2026 could match last year at 422m tonnes if Hormuz shipping normalises, after conflict cut about a fifth of monthly supply. Business & Cost Pressures: A June manufacturing PMI showed output rising fastest in 21 months as firms stockpiled ahead of Middle East disruption, but new orders grew more slowly and optimism stayed “tepid.” Wealth & Living Standards: UBS research says UK households suffered the biggest wealth fall among rich countries since the pandemic, driven by a sharper inflation hit. Politics & Defence: The UK’s long-delayed Defence Investment Plan is out, with a reported £15bn boost and a looming funding gap of £4.7bn for a future Burnham government. Public Services & Safety: Two Hampshire police officers face gross misconduct probes after Henry Nowak was handcuffed despite pleas he’d been stabbed and struggling to breathe. Consumer Watch: Waitrose launched a £20m price-cutting drive on 160+ essentials, averaging 12% off.
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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