AGP Executive Report
Last update: 2 hours agoOffshore Wind: RWE and KKR have secured about £12bn to build two Norfolk wind farms, adding 2.8GW of capacity by 2030. The National Wealth Fund is investing £1bn in a project expected to power three million homes. Interest Rates: The Bank of England has raised its key rate to 4%, adding pressure on borrowing costs as inflation remains a concern. Retail: UK sales rose 1.5% as shoppers began spending ahead of Black Friday, while Aldi is consulting on up to 150 technology-team job cuts as it restructures and shifts some work overseas. Competition: The CMA has given Unilever and McCormick until November 18 to offer remedies over concerns their proposed $65bn food deal could weaken competition in dry mixes and sauces. Logistics: GXO has renewed its ASOS partnership for nine years, extending a UK fulfilment and transport contract that began in 2013.
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