Estonian e-bike manufacturer Ampler Bikes OÜ has filed for bankruptcy with Harju District Court, prompted by an unresolved legal dispute related to the lease agreement for its Berlin showroom, News.ERR.ee reported. The parent company's move followed the insolvency filing of its German subsidiary, while the Swiss unit is expected to face the same fate in the coming days, Delfi reports. Although the court has not yet officially declared bankruptcy, the company's management considers it inevitable.
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A rush of foreign bids for U.K. companies has put Britain on track to outstrip all previous records for dealmaking in 2026, with M&A in the country more than tripling from this time last year to $192 billion so far, Reuters reported. Bids for Britain's Intertek, Schroders and Unilever's food unit are among the top deals this year, as well as U.S.-listed Ingredion's offer for Tate & Lyle last Wednesday.
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Four U.K. kitchen firms in particular have collapsed into administration or liquidation - with one closing its doors with immediate effect, The Mirror reported. These businesses have encountered challenges in recent years despite previous success, including one that ranked among Britain's largest independent wholesale distributors of kitchens and bathrooms. Others have led to over 100 job losses - or worse still - left owing staff and HMRC hundreds of thousands of pounds.
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Pimco and Legal & General Group Plc have been accused of placing “undue pressure” on property valuers in a bitter scrap over the future of a famous Brussels skyscraper whose owner has collapsed into insolvency, Bloomberg News reported. The owner of The Finance Tower, the 142 meter (466 feet) high building located in downtown Brussels, filed a lawsuit in the English High Court in a bid to to stall an attempt by its lenders to freeze rental income, according to documents lodged in London and New York courts.
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U.K. Farmers face a £70,000 hit from the war in Iran as they grapple with soaring fertiliser and diesel costs, The Telegraph reported. The Central Association of Agricultural Valuers (CAAV) said it expected an average 500-acre cereals farm to spend £25,000 more on fertiliser next year after prices were pushed higher by conflict in the Gulf. Its estimates show these farms are set to make a £70,000 loss in 2027 when accounting for other higher costs, including recent surges in red diesel costs.
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British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country's finance ministry, the Bank of England and the Financial Conduct Authority regulator said on Friday, Reuters reported. "The cyber capabilities of current frontier AI models are already exceeding what a skilled practitioner could achieve, and at a significantly higher speed, greater scale, and lower cost," they said in a joint statement.
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Polish lawmakers adopted a bill on Friday regulating cryptocurrencies, as a scandal involving the collapse of the country's biggest exchange deepened and amid a row over how much to supervise the growing sector, Reuters reported. The bill implements the European Union's Markets in Crypto-Assets Regulation (MiCA), which Poland must approve by July. Polish prosecutors have launched a multi-million dollar fraud probe into the Zondacrypto exchange, amid allegations - including from Prime Minister Donald Tusk - of malign Russian influence, intensifying calls for action on regulation.
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Still sitting at an idled production facility in Trollhättan, seven pre-production Saabs have emerged as part of an auction that will be held in Sweden next week, Car and Driver reported. Three of the cars are gasoline-powered 9-3s, while the other four are EV prototypes from when the NEVS consortium bought up Saab's assets after bankruptcy proceedings. The auction is basically the curtain call for the Trollhättan factory, which dates all the way back to 1947, two years before Saab's first production model was released.
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Liquid Wind AB, the parent company of the Liquid Wind Group, was declared bankrupt on 11 May 2026, FuelCellsWorks.com reported. Lawyer Lars Melin of the law firm Styrks was appointed as bankruptcy trustee. Affected employees have held meetings with the bankruptcy trustee and his colleagues at the law firm handling the bankruptcy proceedings. The business – including the subsidiaries in Sweden, Denmark and Finland – is now up for sale.
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Stratacache, a company that sells in-store digital screens to retailers, is liquidating the U.K. arm of its business, AdWeek.com reported. The process includes Stratacache U.K. as well as its company PRN U.K., according to public records. The filings indicate that both Stratacache U.K. and PRN U.K. will close, selling off assets to pay creditors. The companies’ creditors appointed Mark Supperstone and Simon Jagger, both insolvency practitioners with S&W Partners, to wind down the businesses and liquidate their assets.
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