Monday 10 March 2025
The Mighty Headlines
Economics: UK house prices fall in February
Business: Boots bought for $10 billion by US private equity firm
Markets: US markets fall by over 3 per cent following US tariff policy
Foreign Affairs: Mark Carney set to be new Canadian Prime Minister
Security and intelligence: Poland to give all men military training
Domestic politics: UK Government talks to Fujitsu about Post Office money
The Mighty Stats
FTSE = 8,679.88 (down 0.034 per cent)
S&P 500 = 5,770.20 (up 0.55 per cent)
Nasdaq = 18,196.22 (up 0.7 per cent)
CAC40 = 8,120.80 (down 0.94 per cent)
£1 = $1.29 / €1.19
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The Mighty Detail
Economics: UK house prices fell by 0.1 per cent in February compared to the month before. Prices had been estimated to increase by 0.3 per cent. The average price of a house in the UK now stands at £298,602. Compared with a year before, however, UK house prices increased by 2.9 per cent.
Business: Walgreens Boots Alliance, the owner of Boots the chemist, is to be taken over for $10 billion by a US private equity firm. The US private equity firm, Sycamore Partners, is expected to complete the buyout by the end of the year.
Markets: US markets fell last week as investors reacted to President Trump’s tariff regime. The S&P 500 fell by 3.1 per cent – its worst weekly performance since September 2024 – while the Nasdaq fell by 3.5 per cent. US Treasury Secretary, Scott Bessent, admitted that the economy was starting to “roll a bit” but said it was a result of the transition to a new government.
Foreign Affairs: Mark Carney has been elected as the new leader of the Canadian Liberal Party and is set to become the new Prime Minister of Canada. He is a former Governor of the Bank of Canada and of the Bank of England. Current Prime Minister Justin Trudeau will step down but a date for the handover of power has not yet been set.
Security and intelligence: Poland is to give all men military training to counteract Russian aggression. This is part of a wider aim to create a 500,000 strong army. Poland is set to spend 4.7 per cent of GDP on defence this year. This is the highest level in NATO.
Domestic politics: The UK Government has met with directors at Fujitsu to discuss compensation for victims of the Post Office IT Horizon scandal. Over £768 million has already been paid to over 5,100 claimants through various existing redress schemes.
The Mighty Calendar
What’s happening today?
King Charles attends Commonwealth Day service, Westminster Abbey
President Zelensky meets Crown Prince Bin Salman, Saudi Arabia
China’s tariffs on US goods come into effect
Education Questions in UK Parliament
Japan GDP data (Q4 2024)
Germany trade data (January)
Germany industrial production data (January)
Company results from: BioNTech, Oracle
Lookahead to tomorrow
French, British, German, Italian and Polish Defence Ministers expected to meet in Paris
US-Ukraine-Russia talks expected to begin in Saudi Arabia
General Election in Greenland
Justice Questions in UK Parliament
Japan PPI inflation data (February)
Company results from Volkswagen, Persimmon
The Mighty Finale
🌤️Weather today
Sunny spells in England. High of 15C and low of 6C in London. Cloudy but dry in Belfast. Rain in Edinburgh.
✏️Life coaching quote of the day
“Don't judge each day by the harvest you reap but by the seeds that you plant.” – Robert Louis Stevenson
Mighty takeaway: You may not see the results immediately but small, consistent steps will create the change you are seeking.
That’s it for this morning. Thanks for reading and we’ll see you again soon.
Bye!
The Mighty Memo team