Wednesday 11 June 2025
TO: Mighty Memo Readers
FROM: Mighty Memo Editorial Department
SUBJECT: Mighty Memo business development
For those who may have missed Monday’s email, we will be devoting more time over the next few months to expanding the reach of the Mighty Memo. For this reason, we will be publishing the Mighty Memo on Mondays, Wednesdays and Fridays only. You will still receive the same great content three times a week. If ever you have any questions, please do not hesitate to contact us at hello@mightymemo.co.uk.
The Mighty Headlines
Economics: UK Chancellor gives Spending Review at 12.30pm
Business and markets: Warner Brothers to split into two companies
Foreign Affairs: UN agency says North Korea is building new nuclear facility
Security and intelligence: Taiwan indicts four people on espionage charges
Domestic politics: UK Government to decriminalise rough sleeping
The Mighty Stats
FTSE = 8,853.08 (up 0.24%)
S&P 500 = 6,038.81 (up 0.55%)
Nasdaq = 19,714.99 (up 0.63%)
CAC40 = 7,804.33 (up 0.17%)
£1 = $1.35 / €1.18
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The Mighty Detail
Economics: The UK Chancellor is set to announce details of the Government’s Spending Review at 12.30pm today. Funding increases for schools, the NHS and defence are expected. Demands for additional funding for the police have been rejected by the Chancellor.
Business and markets: Warner Brothers has announced that it is to split its studios and streaming businesses into two separate public companies by next year. CEO David Zaslav said that the split between streaming and traditional television would give Warner Brothers “sharper focus and strategic flexibility”. Shares have increased by around 2 per cent this week.
Foreign Affairs: The International Atomic Energy Agency has confirmed that North Korea is building a new nuclear facility in Nyongbyon in the northwest of the country. There are suggestions that the new facility could support uranium enrichment and grow North Korea’s nuclear weapons stock. North Korea is prohibited by the UN from developing nuclear weapons but has repeatedly flouted the ban.
Security and intelligence: The Taiwanese authorities have indicted four people who are accused of spying for China. The individuals are all former members of the Democratic Progressive Party and include a former assistant to the then Foreign Minister and a Presidential Office adviser. The charges include divulging classified national security information to Beijing.
Domestic politics: The UK Government intends to decriminalise rough sleeping next year. Rough sleeping is currently a criminal offence under the Vagrancy Act 1824. Its repeal was first proposed by the previous Conservative Government in 2022. There were 59 convictions for rough sleeping offences in 2023.
The Mighty Calendar
What’s happening today?
Polish Parliament holds confidence vote in Government
Prime Minister’s Questions in UK Parliament
Three-month anniversary of the bin strikes in Birmingham, UK
US CPI inflation data (May)
Company results from: Oracle, Fuller Smith & Turner
Lookahead to tomorrow
Foreign Secretary addresses Lord Mayor’s Summer Banquet
Business Questions in UK Parliament
UK GDP data (April)
UK industrial and manufacturing production data (April)
US initial jobless claims (weekly)
Company results from: Tesco
The Mighty Finale
🌤️Weather today
Dry and sunny for most parts of England. High of 24C and low of 14C. Sunny in Belfast and Edinburgh too.
✏️Life coaching quote of the day
“The chief beauty about time is that you cannot waste it in advance. The next year, the next day, the next hour are lying ready for you, as perfect, as unspoiled, as if you had never wasted or misapplied a single moment in all your life. You can turn over a new leaf every hour if you choose.” – Arnold Bennett, writer
Mighty takeaway: What an excellent sentiment! It’s never too late to change.
That’s it for this Wednesday morning. Thanks for reading and we’ll see you again on Friday.
Bye!
The Mighty Memo team