Ferrexpo Unit Faces Bankruptcy Proceedings in Ukraine, Shares Plummet

A Ukrainian court has opened bankruptcy proceedings against Ferrexpo's iron ore mining subsidiary in the country and has appointed an insolvency manager, the London-listed company said on Tuesday, sending its shares down over 29%, Reuters reported. The miner said Ferrexpo Poltava Mining would appeal the ruling within the statutory 10-day period, and that the management would remain in place and run the business during that time. But an appeal would not suspend the bankruptcy proceedings.

Ukraine
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Thames Water Creditors Take Rescue Deal to Ratings Firms for Nod

Thames Water’s senior creditors are seeking approval from ratings agencies for a crucial rescue plan that would prevent the ailing utility from slipping into insolvency, Bloomberg News reported. A proposal to inject billions of pounds into Thames and take steep writedowns was put forward in October, and has since been revised following months of discussions with regulator Ofwat. Creditors must now bring the agencies on side to finalize a deal, since the utility needs to secure investment-grade ratings to meet its license conditions.
United Kingdom
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U.K. Student Loan Crisis Spreads to Property as Accommodation Giant Hit

More than £300m has been wiped off the value of Britain’s biggest university accommodation provider as the student loan crisis starts to grip landlords, The Telegraph reported. Shares in student property giant Unite dropped by as much as 10pc after it effectively issued its third profit warning in four months. Unite said that increasing numbers of students in the UK are opting to save money by choosing to live at home rather than rent accommodation.
United Kingdom
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Pepco Off to a New Start in Germany After Major Restructuring

The German subsidiary of discount retailer Pepco has successfully completed its insolvency proceedings: the chain is resuming operations after a major restructuring. The number of stores has almost halved, RetailDetail.eu reported. The insolvency proceedings under Pepco Germany GmbH’s own management will end on 28 February, the company reports. This marks the end of a turbulent period for the retailer, which officially began on 1 October last year. In the past period, the discounter reduced the number of stores in Germany from 64 to 36 and the workforce from 500 to around 350 employees.
Germany
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Hainsberg Paper Mill in Germany Files for Insolvency Again

A paper mill in Hainsberg in the German state of Saxony has once again entered insolvency proceedings. On 5 February 2026, the Dresden District Court appointed lawyer Susanne Berner from the law firm Dr Berner & Partner Rechtsanwälte as provisional insolvency administrator, Pulpapernews.com reported. Over the coming weeks, she is expected to gain an overview of the financial situation at the long-established industrial company and examine possible options to stabilise operations. The Hainsberg plant has a long history and has experienced recurring financial difficulties over the years.
Germany
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