Halo Financial

Restructuring · EMEA

Condé Nast's UK arm saw pre-tax profits excluding exceptional items fall 36% (from £28m to nearly £18m) in the latest year. The publisher cites a restructuring bill, and the owning family has ruled out a sale of the group.

Restructuring · EMEA

French pari-mutuel horse racing operator PMU is undergoing state-backed restructuring under the Pacte PMU 2030 plan, with GGR down for a third straight year (-5.8% to EUR 782m in H1 2026) and sector contributions cut to EUR 725m in 2026 from EUR 802m.

Restructuring · EMEA

Onafriq is winding down Baxi, its Nigerian offline agent banking business, after five years, citing inflation, naira depreciation, margin pressure and shifts to instant account-to-account payments. Company continues in Nigeria as a Payment Solution Service Provider focused on payments network and card issuing.

Restructuring · EMEA

Edinburgh Bicycle Cooperative has entered 'pre-pack' administration, with staff describing high pressure and resistance to change in the lead-up to the collapse.

Restructuring · EMEA

Tongaat Hulett is set to exit the JSE after 74 years, ending its public listing in South Africa's sugar sector.

Restructuring · EMEA

Creditors of the struggling Mall of Berlin are looking to sell about €550 million of debt, while owners are seeking to complete a refinancing.