If you have Excel O365 with the FILTER function, you don't need VBA:
(Note: I have asssumed that Occurrences can be calculated by just counting the number of rows of CutNo. If you mean something else, please clarify)
C2: =IF(AND(A2<>A1,A2<>""),TEXTJOIN(" & ",TRUE,FILTER($B:$B,$A:$A=A2)),"")
D2: =IF(AND(A2<>A1,A2<>""),COUNTIF($A:$A,A2),"")
and fill down.

You can also do this using Power Query available in Excel 2010+
- Select the entire range to include
- *cannot auto-select since there are blank rows
- In Excel 2016+ :
Data --> Get & Transform --> From Table/Range
- I'm not sure about the earlier versions, where you would download a free MS add-in for this functionality.
- When the PQ Editor opens, select
Home --> Advanced Editor and paste the M Code below into the window that opens.
- Change the Table name in Line 2 to be the name of the Table generated when you opened PQ.
For explanations, examine the items in the Applied Steps window. If you float your cursor over any of the i icons, you will see the comment associated; if you double click on a gear wheel, it will open a dialog window so you can examine what was done.
- Close and Load to: I select the column next to the original data, but there are other ways to do this.
M Code
let
Source = Excel.CurrentWorkbook(){[Name="Table1"]}[Content],
#"Changed Type" = Table.TransformColumnTypes(Source,{{"CutNo", Int64.Type}, {"Data", type text}}),
//make the grouping easier, else we'd have a group with the blank rows
#"Removed Blank Rows" = Table.SelectRows(#"Changed Type", each not List.IsEmpty(List.RemoveMatchingItems(Record.FieldValues(_), {"", null}))),
//Group by CutNo -- hence no need to sort
#"Grouped Rows" = Table.Group(#"Removed Blank Rows", {"CutNo"}, {{"Grouped", each _, type table [CutNo=nullable number, Data=nullable text]}}),
//add a blank row at the bottom of each grouped table (each CutNo group)
#"Added Custom" = Table.AddColumn(#"Grouped Rows", "addBlankRow", each Table.InsertRows([Grouped],
Table.RowCount([Grouped]),
{[CutNo=null, Data=null]})),
//remove unneded columns
#"Removed Columns" = Table.RemoveColumns(#"Added Custom",{"CutNo", "Grouped"}),
#"Added Custom1" = Table.AddColumn(#"Removed Columns", "Custom", each Table.Column([addBlankRow],"Data")),
//Concatenate the "Data"
#"Extracted Values" = Table.TransformColumns(#"Added Custom1", {"Custom", each Text.Combine(List.Transform(_, Text.From), " & "), type text}),
//Count the rows (subtract one since last row will be blank
#"Added Custom2" = Table.AddColumn(#"Extracted Values", "Custom.1", each Table.RowCount([addBlankRow])-1),
//Expand the Table column to put a blank row between each group of CutNo
#"Expanded addBlankRow" = Table.ExpandTableColumn(#"Added Custom2", "addBlankRow", {"CutNo"}, {"addBlankRow.CutNo"}),
//Add Index column so we can null out where there should be empty cells in the Concatenate Column
#"Added Index" = Table.AddIndexColumn(#"Expanded addBlankRow", "Index", 0, 1, Int64.Type),
#"Added Custom3" = Table.AddColumn(#"Added Index", "Concatenate", each
if [Index] = 0
then [Custom]
else if [addBlankRow.CutNo] = null
then null
else if [addBlankRow.CutNo] = #"Expanded addBlankRow"[addBlankRow.CutNo]{[Index]-1}
then null
else [Custom]),
//Blank cells in the Occurrence column if blank in the CutNo column
#"Added Custom4" = Table.AddColumn(#"Added Custom3", "Occurrences", each
if [Concatenate] = null then null
else [Custom.1]),
//Remove unneeded columns
#"Removed Columns1" = Table.RemoveColumns(#"Added Custom4",{"addBlankRow.CutNo", "Custom", "Custom.1", "Index"}),
//Remove bottom row which will be blank
#"Removed Bottom Rows" = Table.RemoveLastN(#"Removed Columns1",1)
in
#"Removed Bottom Rows"
