The recent bankruptcy of Marelli, a supplier of automotive components, has sent shockwaves through the global automotive industry, MSN.com reported. This event marks one of the first major corporate failures triggered by the new tariffs imposed by Donald Trump's administration. Marelli's collapse directly impacts Stellantis and its renowned brands, including Jeep, Chrysler and Dodge. Marelli, known for its expertise in vehicle lighting and electronic components, had been grappling with financial difficulties for years.
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Insolvency-related activity in Scotland hit a 29-month high in May 2025, according to new research from R3, the U.K.’s insolvency and restructuring trade body, Credit-Connect reported. R3’s analysis of data provided by Creditsafe shows there were 141 cases of insolvency-related activity in Scotland in May — the highest number on record since December 2022’s figure of 142.
Council leaders in England have warned that a multi-billion pound deficit from years of overspending on special educational needs has become a “burning platform” that will push scores of councils into bankruptcy within months, The Guardian reported. They say time is running out to resolve rapidly growing shortfalls and are concerned the government gave no indication in Wednesday’s spending review how it will deal with Send debts, which are expected to exceed £5bn by next March.
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The rate of both new business starts-ups and insolvency-related activity dropped for the second consecutive month in Yorkshire and the Humber in May, while other regions saw sharp rises in insolvency-related activity, according to the latest research from R3, the UK’s insolvency and restructuring trade body, the Sheffield Star reported. Based on analysis of data provided by Creditsafe, the report shows a 10% decline in insolvency-related activity in the region last month, while new Yorkshire and Humber business start-ups also fell by 5%.
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Europe’s exports to the U.S. plunged by a third in April as demand was squeezed by President Trump’s tariff increases, leading to a fall in factory output that suggests economic growth has slowed after a strong start to the year, the Wall Street Journal reported. European Union exports to the U.S. dropped to 47.6 billion euros ($55.2 billion) from 71.5 billion euros a month earlier, statistics body Eurostat said Friday, marking a dramatic reversal from March’s record high, when American importers were stocking up ahead of Trump’s tariff announcement. The steep drop in U.S.
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In the latest of a series of cross-border merger dramas, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star, Euronews.com reported. The offer values the lender at €6.4bn, making the deal one of Europe’s largest banking transactions in recent years. It also reflects a recent wave of consolidation interest within the sector. The transaction is expected to close in the first half of 2026, subject to the necessary approvals from regulators and shareholders.
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A UK car charging company is to be rescued by French energy giant EDF, after a downturn in demand for electric vehicles (EVs) left it struggling to survive. On Thursday, EDF said that it would buy Pod Point in a cut-price deal to save the British company, the Telegraph reported. The energy giant said a takeover was the “only realistic prospect” of allowing Pod Point to keep operating. Pod Point, which has chargers available at places such as Tesco and McDonald’s, is the third-largest charging group in the UK, operating 5,600 fuelling stations, according to Zapmap.
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Energy costs have pushed Active Nation into liquidation, despite the charity reporting the strongest trading period in years ,Health Club Management reported. Annette Reeve of Beesley Corporate Recovery was appointed by the company's creditors on 28 May. Former CEO, Stuart Martin, has told HCM the cost of energy became completely unmanageable and the support systems that should have helped – including Sport England’s Swimming Pool Support Fund – didn’t deliver. "It’s heartbreaking, because it wasn’t the quality of our work, our people, or our vision that failed," he says.
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Joint provisional liquidators have been appointed by the Irish High Court to Dublin company Frank&Bear Limited, stated to be involved in a number of significant digital marketing campaigns in Ireland, the UK, Europe and the United States, the Irish Times reported. Barrister Eoin Coffey told Mr Justice David Holland that the company, which employs 12 people, was unable to meet its debts and that two of its three directors were engaged in promoting a petition through the courts for the winding up of the firm.
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The U.K. economy contracted more than expected in April as President Trump’s evolving trade policy brought a halt to a surprising surge in activity, the Wall Street Journal reported. Gross domestic product was 0.3% lower than a month earlier, the country’s Office for National Statistics said Thursday, marking the deepest contraction in the British economy in 18 months.
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