AGP Executive Report
Last update: 3 hours agoMobile Switch-Off: Virgin Media O2 will shut its 2G network in summer 2029, moving customers to 4G and 5G as part of its Mobile Transformation Plan, with support offered for anyone still using older devices. Media Ownership Watch: Culture Minister Lisa Nandy says she is minded to intervene in Paramount Skydance’s $110bn Warner Bros Discovery takeover, citing media plurality and the impact on UK audiences and on-demand viewing. Wimbledon Shockwaves: Britain’s Wimbledon woes deepened as Katie Boulter crashed out again, while Katie Swan kept hope alive with a straight-sets win over Irina-Camelia Begu. Tech Competition: The CMA is consulting on rules that would let app developers “steer” users to third-party payments, aiming to cut fees and lower costs in the UK. Energy Bills: Ofgem’s price cap rises to £1,862 a year from July 1, up 13% (£221 more), and experts warn relief may be limited even after a US-Iran pause. Defence Spending: Keir Starmer’s Defence Investment Plan boosts spending, with NATO chief Mark Rutte praising the step toward higher UK defence outlays. Housing Costs: Mortgage approvals fell 15% in May, and net mortgage lending slowed as borrowing costs stayed elevated. Stablecoins: The FCA cut capital buffers for key stablecoin issuers to 1%, halving costs versus the EU’s MiCA approach. Business & Jobs: Magnet Kitchens has launched a CVA and will close 15 stores, while BAT plans major global job cuts. Weather Alert: Britain braces for another potential record-breaking heatwave, with guidance urging people to protect plants ahead of extreme temperatures.
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.