SPAIN'S IBERDROLA DOUBLES BRITISH INVESTMENT PLAN TO $31 BILLION

Spain's largest power company Iberdrola has doubled its investment plan for its British arm Scottish Power to 24 billion pounds ($31.37 billion) for 2024-2028, it said ahead of a global investment summit in London.

The investment comes as Britain's new Labour government tries to drum up billions of pounds in foreign investment into the country as it marks 100 days in office and welcomes global business leaders for the Oct. 14 summit.

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