Nacon subsidiaries Spiders, Kylotonn, Cyanide, and Nacon Tech have filed for insolvency, GamesIndustry.biz reported. As Game Developer reports, the France-based studios have commenced reorganisation proceedings at the Lille Métropole Commercial Court. Spiders is known for working on Greedfall franchise, Kylotonn oversees the World Rally Championship series, and Cyanide worked on the Styx and Blood Bowl franchises. All of the developers are based in Paris.

European technology companies with a total value of 1.2 trillion euros (1.4 trillion US dollars) have been listed on overseas exchanges or ultimately acquired by foreign buyers over the past decade, Bitget.com reported. The research, conducted jointly by Swedish private equity group EQTAB and consulting firm McKinsey, recorded approximately 700 billion euros in acquisitions by non-European companies and technology company IPOs between 2014 and 2025. As of January, the value of these companies was estimated to have soared to around 1.2 trillion euros.

The Brussels business tribunal has approved insolvency proceedings requested by the Brussels-based club "Madame Moustache," its manager announced on Wednesday, The Brussels Times reported. Maud Partouche, the club’s manager, expressed relief and joy over the decision, which aims to help the establishment recover from debt incurred following a ceiling fire in September 2022. The club now has four months to present the tribunal with a financial plan acceptable to its creditors, outlining measures to reduce its debts and spread repayments over five years.

Euro zone private sector growth nearly stalled this month as inflation ​expectations surged and delivery times soared, adding to mounting evidence that the bloc is already suffering a tangible drag from ‌the U.S. and Israeli war with Iran, Reuters reported. With oil prices up by two-thirds since the start of the year as a key transport corridor is shut, euro zone inflation is already rising and economic growth is taking a hit. Expensive fuel saps household purchasing power, lowers corporate profit margins and hits confidence.

The Supreme Court will consider a common clause in commercial loan agreements that allowed Bank of Ireland to raise interest rates in line with its increased lending costs in the wake of the financial crash, the Irish Times reported. In deciding the case is of significant public importance, a panel of three Supreme Court judges noted the interest variation clause had a “serious impact on borrowing and on the margins of commercial customers”.

Danish Volkswagen supplier Støtek A/S, based in Vojens, has filed for administration, according to boosted.dk. The relevant insolvency court in Sønderborg has placed the company into administration. As a result of the insolvency, all 55 employees have been made redundant. Støtek specialised in highly advanced melting and dosing furnaces for the aluminium industry and supplied the automotive sector in particular. Its customers included Volkswagen, Audi and BMW. Notably, the company had previously been praised by Volkswagen itself for its efficiency.

Labour is under pressure to explain why the Government has handed a troubled housebuilder more than £300m in taxpayer-backed loans and contracts, The Telegraph reported. Paul Holmes, the shadow housing minister, said there were “questions about Labour’s judgement” after it partnered with Vistry to deliver affordable housing. The London-listed building firm has been handed around £315m in grants and loans, according to Matthew Pennycook, the housing minister.

Britain's financial regulator said on Friday it had launched an enforcement investigation into mortgage ​lender Market Financial Solutions, which collapsed in ‌February leaving creditors including major banks and private credit funds facing a shortfall in excess of 1.3 billion pounds ($1.74 billion), Reuters reported. The Financial ​Conduct Authority said in a statement that ​London-based MFS was only registered with it ⁠and supervised for compliance with money laundering, terrorist financing ​and transfer of funds regulations, and not for wider ​financial regulation.