A London court blocked a bid by the chief executive officer of collapsed property lender Market Financial Solutions Ltd. to have his preferred officials oversee the insolvency of one of the group’s entities.

PipeHawk plc has disclosed that its subsidiary Adien Ltd has been deemed insolvent by Adien’s board, which has called a general meeting of shareholders to pass a special resolution to wind up the company, TheGlobeandMail.com reported. Adien ceased trading on 9 March 2026, and BTG Begbies Traynor (Central) LLP has been instructed to oversee the liquidation process, marking a significant reduction in PipeHawk’s operating activities and potentially reshaping its subsidiary structure.

Europe’s central bankers will be in a familiar but uncomfortable position when they meet to decide policy Thursday: waiting for the fog of war to clear a little before they can pick out a safe path forward, the Wall Street Journal reported. Policymakers at the European Central Bank, the Bank of England, and their counterparts in Sweden and Switzerland are expected to leave their key interest rates unchanged. As the conflict initiated by the U.S.

Industrial output in the eurozone unexpectedly fell back in January, with challenges facing the sector expected to gather pace in the months ahead from the jump in energy prices prompted by the war in the Middle East, the Wall Street Journal reported. Industrial production tumbled 1.5% on month, a second decline in a row after a 0.6% fall in December, the European Union’s statistics agency Eurostat said Friday. Some of the decline in January was exaggerated by a 9.8% output fall in Ireland, whose economy is particularly volatile due to being a base for large multinational firms.

The total number of corporate bankruptcies in Germany rose to its highest level in more than ​a decade last year, according to data published ‌by the federal statistics office on Friday, Reuters reported. Local courts registered 24,064 corporate insolvency filings, 10.3% more than in the previous year, ​according to the figures. "2025 was an especially weak ​year for Germany as a place to do ⁠business," said Volker Treier, chief analyst for the German ​Chambers of Industry and Commerce (DIHK).

The decision to file for bankruptcy for Tyre Recycling in Sweden AB forms part of the ongoing Enviro reorganisation and aims to strengthen the company’s liquidity and support long-term profitability, TyreandRubberRecycling.com reported. According to Enviro, operations at its Gothenburg headquarters will continue as normal while further measures are implemented under the reorganisation process.

A claimant was being fed answers through his smart glasses while giving evidence in the high court in London, a judge has found, The Guardian reported. Laimonas Jakštys was “untruthful in denying his use of the smart glasses” and his witness statements “were clearly prepared by others”, the insolvency judge Raquel Agnello KC ruled. Agnello said that when Jakštys was giving evidence, he paused before replying to questions, as first reported by Legal Futures.

The boss of a collapsed £2bn shadow bank has been accused of using a network of fake companies to steal money from the company’s creditors, The Telegraph reported. Paresh Raja, the founder of Market Financial Solutions (MFS) is alleged to have used eight companies to extract money from creditors on false pretences, a legal filing from a creditor group alleges. The creditors claimed that while the eight were purported by MFS to be “genuine borrowers” they were in fact “closely connected with” MFS.

Headline inflation in the Irish economy remained near 3 per cent in February but this was before the shock to energy prices triggered by US-Israel-led war in Iran, the Irish Times reported. Consumer prices rose by 2.7 per cent over the 12 months to February, unchanged from the previous month, as rising food and housing costs offset falls in the cost of transport and household furnishings.

A British “shadow bank” that collapsed amid fraud allegations had a £1.3bn hole in funds owed to lenders, its creditors have claimed, The Telegraph reported. On Tuesday, creditors claimed in a court filing that Market Financial Solutions (MFS), which borrowed billions to lend out to customers, had a much larger shortfall than originally expected. MFS was placed into administration last month amid what a judge called “very serious” allegations of fraud. The company is accused of double pledging assets to back loans.