Leonardo warns of potential UK helicopter factory closure. The Italian defence group may shut its Yeovil site if it fails to secure a £1 billion Ministry of Defence contract, jeopardising the future of Britain’s last remaining helicopter manufacturing facility.
Nordea Asset Management appoints two new portfolio managers. The appointments join its Sustainable Thematic Team, which manages over €18 billion across various climate and impact strategies.
The ECB has outlined plans to streamline bank supervision. The European Central Bank moved to simplify oversight for smaller lenders while rejecting calls to loosen capital buffers, underscoring its focus on resilience as the EU’s revised banking framework approaches implementation next year.
Magnum Ice Cream’s IPO valuation falls short of expectations. The company’s stock market debut was affected by a longstanding dispute with Ben & Jerry’s founders and a shift in index-tracking fund strategies, resulting in a €7.8bn valuation.
The EU allocates €5.2 billion for net-zero projects. The European Commission plans to invest in net-zero technology, clean hydrogen, and industrial decarbonisation using funds from the EU Emissions Trading System, with initiatives aimed at reducing greenhouse gas emissions.
November’s M&A tape in Europe shrank, but deals swelled dramatically. From coatings and chemicals to energy and financial infrastructure, November’s largest transactions show boards leaning into selective, high-stakes bets in a market defined by sovereign capital, tougher subsidy rules, and more creative deal structures.
EU Parliament votes to delay deforestation regulation by a year. Lawmakers aim to simplify the EU Deforestation Regulation and review its impact early next year. The delay would push implementation to 2026 for large firms and 2027 for smaller ones.
Waracle expands into Europe with HackSoft acquisition. The Scottish digital consultancy has acquired Sofia-based HackSoft, marking its first move beyond the UK and expanding its capabilities in software engineering, product development, and data services across multiple sectors.
Brussels prepares to push Washington over stalled tariff reforms. The European Union will urge the United States to honour more of July’s trade agreement, including cutting 50 % tariffs on steel and aluminium imports, amid concern that delays are undermining post-pandemic industrial competitiveness and transatlantic supply-chain recovery.
The EU’s flagship AI regulation faces a significant postponement. Brussels is expected to delay enforcement of high-risk AI system rules until 2027 following sustained pressure from major technology providers. The decision gives companies longer to adapt but raises concerns about governance complacency and shifting legal accountability.