Hobbycraft-owner Modella Capital has bought just over half of U.S.-based jewellery chain Claire's stores in Britain and Ireland, saving around 1,000 jobs, the administrators of the UK and Irish business said on Monday, Reuters reported. Investment company Modella, which bought WH Smith's British high street business for $100 million in June, will buy 156 Claire's stores from administrators Interpath Advisory for an undisclosed amount. The administrators will continue to operate the remaining stores while continuing to assess options for them, Interpath said.

A council took emergency action to safeguard a health and social care service after its previous provider went into liquidation, BBC.com reported. Peterborough City Council, which leads the Integrated Community Equipment Service (ICES) on behalf of Cambridgeshire County Council and the Cambridgeshire and Peterborough Integrated Care Board, terminated its contract with Nottingham Rehab Limited (NRS) in July following insolvency issues with the company. The service provides health and social care equipment and some housing adaptations for residents.

Consumer prices picked up pace in Spain, further cementing expectations that the European Central Bank will continue to hold off on any further cuts to interest rates, the Wall Street Journal reported. Prices rose 3.0% on year this month in the eurozone’s fourth-largest economy, according to EU-harmonized figures released Monday. That marks an acceleration from the 2.7% rate registered in August, and hitting the highest level since June last year. Rate setters at the ECB consider an annual rate of 2% to be optimal.

Germany expects the United States to apply a 15% tariff rate to pharmaceuticals and heavy trucks, a government spokesperson said during a regular press conference on Monday, Reuters reported. U.S. President Donald Trump unveiled sweeping new import tariffs last week, including 100% duties on patented drugs and 25% levies on heavy-duty trucks, triggering fresh trade uncertainty.

Signa Holding, the insolvent entity at the top of Austrian ex-billionaire Rene Benko's fallen property empire Signa, faces 8.35 billion euros ($9.8 billion) in claims by creditors, of which it disputes 5.6 billion, its administrator said on Friday, Reuters reported. Signa became the biggest casualty of Europe's property downturn when parts of the group's elaborate network of companies filed for insolvency in late 2023.

Jaguar Land Rover's production shutdown after a cyberattack is hitting businesses in Britain's West Midlands region, a survey showed on Friday, with firms already making redundancies or cutting staff hours in response, Reuters reported. The government is considering financial support for the luxury carmaker, which is owned by India's Tata Motors, after the cyberattack halted production at the start of this month. It has extended the shutdown until October.

Bosch will cut around 13,000 extra jobs at its auto-parts business by 2030, representing about 3% of its global workforce. The cuts, which come on top of thousands of job losses at Bosch in recent years, will mainly affect positions in Germany. The company’s base in the Stuttgart region is set to be the hardest hit, while sites in areas such as Feuerbach and Schwieberdingen will see thousands of job cuts. The engineering giant is seeking to claw back €2.5 billion in losses “as quickly as possible” as Europe’s car industry remains in the doldrums.