Syntace GmbH has announced that it has filed for insolvency as it continues ongoing restructuring following its separation from Pierer Mobility AG, PinkBike.com reported. In a public statement, Syntace GmbH, the parent company of Syntace and Liteville, revealed that it filed for insolvency on October 14 and is currently in "very advanced discussions" with an investor.

Two key enablers of a scheme designed to undermine insolvency legislation by allowing business owners to keep their assets and drop debts have been banned as company directors, Credit-Connect.co.uk reported. Sisters Karen Mortimer and Joanna Seawright put the creditors of 138 companies at risk of financial loss after taking control of the businesses which were referred to them by Atherton Corporate UK (Ltd) and Atherton Corporate Rescue Limited.

A bus operator serving Nottingham and Nottinghamshire has proposed to enter an insolvency process as it faces "challenging trading conditions," BBC.com reported. Community Transport for Nottingham (CT4N), which runs more than 20 local services, announced on Wednesday it had proposed a company voluntary arrangement (CVA). If the CVA is approved by creditors, the company said it would be able to preserve the jobs of about 75 employees and continue trading.

The U.S.’s new sanctions hit at the core of Russia’s faltering war economy, bringing Washington and Europe into alignment in their pressure on Moscow for the first time since the start of the Trump administration, the Wall Street Journal reported. Analysts say the impact of blacklisting Rosneft and Lukoil—Russia’s biggest oil producers—will hinge on three things: how well they are enforced, the reaction of major markets in India and China, and whether Moscow can circumvent the measures. The new U.S. sanctions “mark the most material move to date by the U.S.

The European Union has agreed on a new raft of sanctions against Russia targeting its shadow fleet of oil tankers and banning its imports of liquefied natural gas, the Danish EU presidency announced Thursday, The Canadian Press reported. “Today is a good day for Europe and Ukraine,” Danish Foreign Minister Lars Løkke Rasmussen said in a statement, as EU leaders were gathering for a summit in Brussels.

Land-based salmon farmer Gaia Salmon has filed for bankruptcy following a court-ordered compensation payment and heavy financial losses in 2024, SalmonBusiness.com reported. Chief executive Trine Sæther Romuld confirmed to the publication that the company was unable to secure further financing. “Despite great efforts from our employees and strong support from the local community, we have unfortunately not succeeded in reaching a financing solution,” she said.

Bank of Ireland chief executive Myles O’Grady will hope the lender is a step closer to putting the fallout from the UK motor finance debacle behind it, after sharply increasing the amount of money it has set aside for payouts arising from the issue, the Irish Times reported. The issue, which is close to industry wide in the UK, stems from whether motor finance customers were being overcharged because of historical use of discretionary commission arrangements between car dealers and lenders.

A total of 289 companies filed for bankruptcy in Finland in September 2025, according to data from Statistics Finland, the Helsinki Times reported. The figure was 15 higher than in the same month last year. The total number of person-years affected by the bankruptcies was 1,074. That marked a drop of 144 person-years from September 2024, showing fewer employees impacted despite the higher number of filings. The rolling 12-month annual change in bankruptcies stood at 9 percent in September. Construction companies accounted for 57 of the filings.

Swedish startup Stegra (formerly H2 Green Steel) has appointed a restructuring expert to its board of directors as the company struggles to avert a financial crisis, Bloomberg reports. The company recently announced a new round of financing, planning to raise an additional €975 million ($1.1 billion) to cover higher-than-expected project and infrastructure costs and to fill the gap caused by delays in government grant support. In addition, Stegra announced personnel changes to its board of directors.