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Andy Burnham becomes UK PM, policy blitz ahead

Financial Times Companies •
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Andy Burnham formally becomes Labour leader today and will assume the premiership on Monday after Sir Keir Starmer tenders his resignation to King Charles. He plans a rapid policy blitz next week covering the cost of living, North Sea energy, social care and devolution, plus regional visits to shift power outside London.

Investors expect the Bank of England to slow or halt long‑dated bond sales this autumn, easing pressure on the gilt market. Accor’s board has hired a Paris law firm to investigate CEO Sébastien Bazin over alleged conflicts of interest.

Dassault Systèmes is in talks to acquire Aris Global from Nordic Capital for about $2bn, expanding into life‑sciences software. Anglian Water awarded its chief executive £1.3mn in retention payments, appearing to bypass regulator limits on bonuses.

Donald Trump used a primetime speech to question US election integrity, alleging Chinese interference. Meanwhile, the next generation of billionaire heirs—such as Miltiadis Marinakis and Halima Dangote—prepare to steer an estimated $60tn of wealth.