AGP Executive Report
Last update: 6 hours agoDefence Funding Shock: UK Defence Secretary John Healey resigns in a public funding row with Keir Starmer, warning the Defence Investment Plan “falls well short” and leaving the government’s ability to ramp up spending under scrutiny. Markets & Rates: The ECB lifts rates to 2.25% for the first time in nearly three years as Iran-linked energy pressures feed inflation; UK stocks hold up despite US-Iran tensions. High Street Banking: Lloyds and Halifax announce 79 more branch closures, continuing the squeeze on local access as customers shift online. Regulatory Crackdown: The UK’s audit watchdog (FRC) opens probes into auditors tied to collapsed mortgage lender MFS, including Magus Chartered Accountants and Berkeley Finch. Fintech & Payments: Crypto casino Angliabet reports a 15% jump in player satisfaction after rolling out instant withdrawals, while Flutter points to World Cup-driven customer growth. Banking Leadership: Ghana International Bank CEO Dean Adansi is sacked, with a new CEO named pending clearance. Corporate Deals: Spire’s takeover deadline is extended as Toscafund weighs a bid; Safestore posts underlying earnings growth.
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