AGP Executive Report
Last update: 7 hours agoTelecom Deal: BT and Verizon will combine their international corporate telecom units into a 50:50 joint venture, with BT receiving $625m and the new firm set to be headquartered in Britain (closing expected in 2027). Energy Policy: Ofgem has provisionally shortlisted 16 long-duration electricity storage projects for its cap-and-floor scheme, totalling 7.65GW, as it tries to balance a renewables-heavy grid. Housing & Costs: UK mortgage approvals fell to a two-and-a-half-year low in May, as higher borrowing costs after the Iran war cooled demand. Politics & Economy: Labour leadership frontrunner Andy Burnham will set out a 10-year economic and devolution plan, promising “good growth in every postcode” and a major shift of power from Whitehall. Jobs & AI: British American Tobacco plans to cut about 5,500 jobs and outsource 3,500 more as it rolls out an AI-led cost overhaul, targeting £600m in annual savings by 2028. Local Environment: Guildford councillors have rejected a clean air zone as costs outweigh benefits. Public Health: A multi-country salmonella outbreak linked to contaminated salad has sickened 109 people, including 30 in the UK. Crime & Courts: Britannia Hotels faces a trial next year after a North Wales woman died when a wardrobe fell at Liverpool’s Adelphi Hotel.
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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