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The Garda fraud squad has sent an extensive file to the Director of Public Prosecutions (DPP) with recommendations for prosecutions against three directors of wholesaler Swan Fruit, it is understood, the Irish Independent reported. The criminal investigation by the Garda National Economic Crime Bureau into the Carlow-based fruit and vegetable wholesaler stems from a voluntary liquidation process that has been ongoing for 11 years.
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The U.K. Financial Conduct Authority (FCA) has joined with the Solicitors Regulation Authority (SRA), the Information Commissioner’s Office (ICO) and the Advertising Standards Authority (ASA) to address concerns about misleading advertising and inadequate disclosure by some claims management companies (CMCs) and law firms involved in motor finance claims, MotorFinanceOnline.com reported. The joint initiative also focuses on the potential for clients to be charged excessive fees.
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It may be 17 years since Brian Cowen’s government guaranteed the Irish banking system to stave off its collapse. And it’s only a matter of months before the wind-down of the successor company to Anglo Irish Bank (Irish Bank Resolution Corporation, or IBRC) is completed and outstanding matters are handed over to a unit in the National Treasury Management Agency (NTMA). But the ghosts of Anglo’s past continue still linger in some long-forgotten places, according to a commentary in the Irish Times.
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French industrial production unexpectedly fell back again in August in a sign that the country’s political deadlock is weighing on activity, adding to pressures on wider European industry, the Wall Street Journal reported. Output was 0.7% lower on month, figures from France’s statistics office Insee showed Friday. After a revised 0.1% fall in July and against economists’ expectations for a rebound, August’s decline is the fourth in five months, underscoring the challenges facing French industry.
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Until recently, a cargo ship called Blade Runner Two would frequently carry 279-foot-long wind turbine blades from a factory on the Isle of Wight to the nearby English mainland. The island, about a mile off Britain’s south coast, cannot be reached by rail or road, but the voyage of the huge blades showed that the Isle of Wight’s isolation had not stopped it from contributing to the country’s economy, the New York Times reported. In recent months, though, Blade Runner Two has made few voyages.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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Ireland recorded 618 corporate insolvency appointments in the first nine months of 2025, a 5% decrease on the same period last year, according to new figures from Deloitte Ireland, BusinessPlus.ie reported. Quarterly activity remained steady, with 206 cases in Q1, 201 in Q2 and 211 in Q3. James Anderson, Turnaround & Restructuring Partner at Deloitte, said the overall decline masked a shift in underlying trends. “The decrease in insolvency activity levels in the first 9 months of 2025 compared to the same period in 2024 highlights interesting trends.
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The number of people out of work in Germany rose more than expected in September, labour office figures showed on Tuesday, as the job market struggles to recover in a continually weak economy, Reuters reported. In seasonally adjusted terms, the jobless figure rose by 14,000 to 2.98 million. The non-adjusted number of unemployed people in Germany last month passed the 3 million mark for the first time in a decade but fell by about 70,000 to 2.95 million again in September.
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