AGP Executive Report
Last update: 12 hours agoRetail Electricity: Filinvest’s FDC Misamis Power signed a two-year supply deal with COREnergy to sell 20 MW to Vivant Energy’s retail unit, expanding choice for commercial and industrial customers in the Philippines’ contestable power market. Banking Exit: HSBC is winding down Australian retail banking after ~40 years, selling its $36bn mortgage and personal-loan portfolio to Blackstone (with Pepper Money set to service loans from 2027) and phasing out branches, accounts, and cards over the next 18 months. Retail Deal Watch: Sainsbury’s agreed to sell Argos to Swift Partners in a deal worth at least £120m, including standalone and in-store Argos locations plus logistics and related assets. Consumer Protection: EU right-to-repair rules start 31 July 2026, giving shoppers a stronger right to request repairs, access parts, and get longer guarantees when they choose repair. Food/Health Alerts: FDA classified a recall of nearly 12m cartons of Rohto Cooling Eye Drops over sterility assurance concerns; UK retailers also issued recalls including Waitrose chocolate brioche rolls over possible hard plastic/metal. Scam Safety: New York’s consumer protection agency rolled out campus scam-prevention tips for students heading back to school. Data Breach Damages: South Korea’s consumer dispute body ordered Coupang to pay 100,000 won per person after a major personal data leak.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.