Monday 9 June 2025
TO: Mighty Memo Readers
FROM: Mighty Memo Editorial Department
SUBJECT: Mighty Memo business development
Over the next few months, we will be devoting more time to expanding the reach of the Mighty Memo. So that we can focus on this development, 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: US and China meet in London for trade talks today
Business and markets: Pret a Manger owners looking at IPO or sale
Foreign Affairs: Mass anti-government protests in Madrid
Security and intelligence: Russia says it’s ready to take new Ukrainian land
Domestic politics: Zia Yusuf returns to Reform UK after resignation
The Mighty Stats
FTSE = 8,837.91 (up 0.3%)
S&P 500 = 6,000.36 (up 1.03%)
Nasdaq = 19,529.95 (up 1.2%)
CAC40 = 7,804.87 (up 0.19%)
£1 = $1.35 / €1.19
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The Mighty Detail
Economics: Representatives from the US and Chinese Governments are holding trade talks in London today. The two sides will discuss tariffs and Washington’s complaint that China is delaying the export of rare earth metals which is contrary to an agreement made between the two sides last month.
Business and markets: The owners of sandwich shop chain Pret a Manger are in talks for a potential stock market listing or sale. JAB Holdings bought Pret for £1.5 billion in 2018. Pret’s core profit increased by 12 per cent in 2023 to £166 million but it is burdened with £740 million of debt.
Foreign Affairs: Large scale protests have taken place in Madrid against the incumbent socialist Government led by Prime Minister Pedro Sanchez. Tens of thousands of people are reported to have been at the protest yesterday which was called by the conservative People’s Party. The protests are seeking an early General Election following allegations of corruption against the Prime Minister’s wife, brother and a former transport minister.
Security and intelligence: Russia has said that its forces are moving further west into Ukraine and preparing to enter fresh territory. Russia’s defence ministry claims it has reached the edge of the Donetsk region and is now “developing the offensive” to enter the neighbouring Dnipropetrovsk region. Ukraine denies this claim.
Domestic politics: Zia Yusuf has returned to the Reform UK Party two days after resigning as Chairman. Yusuf now holds the position of head of the Party’s “UK DOGE” programme – a reference to the Trump Administration’s “Department of Government Efficiency” which was previously led by Elon Musk.
The Mighty Calendar
What’s happening today?
Australia public holiday (King’s Official Birthday)
Switzerland and Norway public holidays (Pentecost)
UK Prime Minister hosts NATO Secretary General
US and China meet in London for trade talks
Housing Questions in UK Parliament
Lookahead to tomorrow
Chief of the UK Defence Staff appears before UK Defence Committee
Energy Questions in UK Parliament
UK earnings data (April)
UK unemployment rate (April)
The Mighty Finale
🌤️Weather today
Light rain in the north of England. Dry in the south. High of 20C and low of 13C in London. Heavy rain in Belfast and light rain in Edinburgh.
✏️Life coaching quote of the day
“There is only one way to happiness and that is to cease worrying about things which are beyond the power or our will.” – Epictetus, Ancient Greek philosopher
Mighty takeaway: This is true for all of us. Remember it!
That’s it for this morning. Thanks for reading and we hope you have a good start to the week. We’ll see you on Wednesday.
Bye!
The Mighty Memo team