AGP Executive Report
Last update: 3 hours agoGrowth and investment: UK GDP rose 0.7% in the third quarter, its fastest quarterly growth in two and a half years, with AI investment helping lift output. Manufacturing output increased 0.9%, but business investment rose just 0.4%, pointing to a more cautious corporate outlook. Business resilience: A Microsoft outage disrupted UK businesses and public services, including NHS, police and council systems, exposing the risks of reliance on cloud services and the need for stronger recovery plans. Industry: The government awarded £28.6m to 27 battery projects to strengthen domestic supply chains, as car-parts suppliers called for a £130m support fund. Britain’s biggest carmaker has also confirmed 3,000 job cuts in a £1.7bn cost-saving drive. Retail: Asda’s like-for-like sales fell just 0.1% in its latest quarter, nearing a return to growth as new chief executive David Potts begins a turnaround. Its online sales rose 6.9%, supported by a revamped rewards scheme.
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.
Perspectify News
