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.
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Vestas Wind Systems said that lower demand in Europe has pushed it to pause the planned construction of a new factory in Poland, the Wall Street Journal reported. The Danish wind turbine maker last year unveiled plans to build a new blade factory in Szczecin, near the Baltic Sea coast, to support Europe’s build-out of offshore wind parks. The plant was expected to build 15.5-meter blades for its flagship offshore turbine starting in 2026, employing more than 1,000 people.
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The number of people going financially insolvent across England and Wales in September was 7% higher than a year earlier, according to Insolvency Service figures, PAMedia.com reported. Some 11,101 people entered insolvency in England and Wales, which was 3% lower than in August 2025 but 7% higher than in September 2024. This was made up of 622 bankruptcies, 3,985 debt relief orders (DROs) and 6,494 individual voluntary arrangements (IVAs).
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Thousands of people in Britain are suing the health care giant Johnson & Johnson over claims that the company’s baby powder caused cancer, mirroring a long-running litigation battle in the United States over the talc-based product, the New York Times reported. More than 3,000 people have joined the lawsuit, which was filed in Britain’s High Court on Tuesday. The initial value of the claim is 1 billion pounds ($1.3 billion), said KP Law, which filed the case on behalf of the individuals. It is the first group claim against the company in Britain.
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Electric aircraft startup Lilium may have ceased operations a year ago, but its insolvency filing wasn’t quite the end of the German-based company, TechCrunch.com reported. There were multiple failed attempts to restructure the company, including a last-ditch effort by Mobile Uplift Corporation, a company set up by investors from Europe and North America, to acquire the operating assets of the startup’s two subsidiaries. Ultimately, a bankruptcy administrator put the company’s assets through a competitive bid process.
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The wine industry in Bordeaux is facing a deep crisis, with falling demand, declining prices, and a growing number of vineyards at risk of abandonment. In response, the Confédération Paysanne de Gironde has called for the creation of a public land management agency to help steer the region through this difficult period, Vinetur reported. The proposal was presented on Thursday at a meeting of the prefecture’s viticulture task force in Gironde.
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The latest tour operator to land in bankruptcy proceedings is the expedition cruise line Exploris Expeditions & Voyages. Based out of Nantes in France, the cruise operator was placed under receivership by a local judge. "Unfortunately, we have a small cash flow problem that has been exacerbated by this last-minute cancellation by a major charterer, which has made things extremely difficult for us," Expedis VP Éric Lustman said in a statement translated from French.
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Industrial production in the eurozone sank back in August, a reflection of continued uncertainty among manufacturing firms as they adapt to reshaped global trade, the Wall Street Journal reported. Output fell 1.2% on month, swinging from a 0.5% increase in July, European Union data agency Eurostat said Wednesday. Industrial production in the 20-nation currency area was strong in the early months of 2025, as producers sought to get ahead of planned U.S. tariffs on imported goods.
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Britain’s economy expanded only slightly in August, entrenching a period of slow growth after the fast clip at the start of this year, the Wall Street Journal reported. Economic activity rose 0.1% on month, the Office for National Statistics said Thursday, after gross domestic product fell a downwardly revised 0.1% in July. The U.K.’s economy grew at a strong pace in the first quarter of 2025, partly on a surge in exports as U.S. importers raced to get ahead of an anticipated rise in tariffs.
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