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Bloomberg
Financial

UK Payrolls Drop More Than Expected

Britain's employers shed workers at the fastest rate in nine months, with the number of employees on company payrolls slipping 26,000 in August, according to the Office for National Statistics. The drop was worse than the 5,000 drop that economists expected, though the provisional estimates are often revised. Bloomberg's Sam Unsted breaks down the situation.

Read more: UK Payrolls Drop More Than Expected
Bloomberg
Financial

Axa to Focus on Organic Growth, CEO Buberl Says

Axa Chief Executive Officer Thomas Buberl says the insurer will prioritize efficiency and shareholder returns over acquisitions after raising its profitability and growth targets for the next three years. "We will deploy and employ the policy as we've always done," Buberl tells Bloomberg Television. "We look at what is interesting when we talk about bolt-ons, but the focus is really organic growth."

Read more: Axa to Focus on Organic Growth, CEO Buberl Says
Bloomberg
Financial

Burnham Weighs Offering Saudi Arabia Support

Prime Minister Andy Burnham is considering whether to help Saudi Arabia counter attacks from the Houthis in Yemen as UK concerns about a worsening economic hit from the escalating conflict grow. The Saudi government has requested a range of diplomatic and military support from the UK, but it's unclear whether Burnham is willing to approve them. Bloomberg's Stuart Livingstone-Wallace has more.

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