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.

Rumours over potential spikes to employer pension contributions in the upcoming Budget has thrown UK companies into a frenzy, with some admitting it could put them at risk of insolvency, CityAM.com reported. According to research from consultancy Barnett Waddingham, nearly 20 per cent of businesses fear they could become insolvent if an increase to employer pension contributions was mandated. Businesses have already been forced to shoulder additional cost burdens following decisions in Rachel Reeves’ maiden budget last year, with the national living wage increasing to £12.21 as of April 2025.

Fewer people than initially expected will be subject to Ireland’s new mandatory workplace pension, My Future Fund, it has emerged, amid of war of words between the Department of Social Protection and employer and pension groups, The Irish Times reported. The Government has consistently said that up to 800,000 people are likely to find themselves enrolled in the fund, which will deduct 1.5 per cent of their gross salary from their after-tax income from January – a figure that will rise to 6 per cent over the next decade.

The United States has been at the nexus of a data center boom, as OpenAI, Amazon, Google, Microsoft and others invest hundreds of billions to build the giant computing sites in the name of advancing artificial intelligence. But the companies have also exported the construction frenzy abroad, with less scrutiny, the New York Times reported. Nearly 60 percent of the 1,244 largest data centers in the world were outside the United States as of the end of June, according to an analysis by Synergy Research Group, which studies the industry.

Austrian former property billionaire Rene Benko has filed an appeal against his conviction last week for insolvency-related fraud and the two-year prison sentence it incurred, his lawyer said on Monday, Reuters reported. The case stemmed from a sweeping investigation into crimes prosecutors suspect were committed in connection with the collapse beginning in 2023 of Benko's real estate group Signa, Austria's biggest bankruptcy since World War II.

Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration, BBC.com reported. DC London Pie Limited, which operates Pizza Hut's UK restaurants, appointed FTI Consulting as administrators on Monday. However, Pizza Hut's global owner Yum! Brands has agreed to save 64 restaurants, preserving 1,276 jobs. Pizza Hut is well known for its family-friendly dining and salad bar, but its UK business has been struggling and had previously gone into administration less than a year ago.

Bank of Ireland could more than double the provision set aside to deal with the fallout from the UK motor finance commissions scandal, now estimating it could have to pay out about £350 million (€403 million), it said on Monday, the Irish Times reported. The bank had set aside just £143 million, although in recent weeks admitted it would have to hike the amount after regulators unveiled a planned industry-wide compensation scheme.