AGP Executive Report
Last update: an hour agoUK Economy Watch: UK pay growth is cooling and payrolls are shrinking, with company employee numbers down 26,000 in August and 145,000 year-on-year, while unemployment stays at 4.9%—a sign hiring is still cautious. Policy & Business Climate: Chancellor John Healey pitched a UK growth pact to major firms, promising regulatory reform, investment and job creation, but executives flagged planning delays, tax uncertainty, energy infrastructure and business rates as sticking points. Small Business Pressure Relief: Wales is cutting small business rates by 30% for pubs, cafes, gyms, hotels and more, but unions warn it must not come at the expense of funding public services. Corporate Moves: ABB Financial Group completed a controlling-stake buy in Uzbekistan’s Davr Bank, planning to relaunch it as “ABB Davr” and upgrade credit outlook. AI & Regulation: The EU says AI safety is non-negotiable, requiring companies to prove models are safe, as US leaders debate whether firms should slow AI development. Healthcare Deal: Apollo is reportedly negotiating a $20bn-plus buy of J&J’s orthopaedics unit, DePuy Synthes, as J&J restructures. Business Tech: O2 launched “Satellite for Business” using SpaceX Starlink to extend direct-to-device connectivity for UK firms in not-spot areas. Life & Work: Singapore released a menopause care playbook to help employers and staff talk openly and support affected workers. Local Business: A new barbershop opened in Shinnston, WV, with a military-themed shop concept and community chamber links.
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