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Creditinfo takes full control of Latvian credit bureau

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Creditinfo has acquired full ownership of Latvian credit bureau KIB Latvia, raising its stake from 51% to 100% after a 13-year partnership.

The deal gives the London-headquartered group full control of the bureau’s Latvian operations and deepens its presence in the Baltic market. It also ends a shareholder structure that included several of the country’s major banks.

Credit bureaus sit at the centre of consumer and business lending markets, supplying data that banks and other lenders use to assess borrowers and manage defaults. Full ownership of KIB Latvia gives Creditinfo direct oversight of a business that helps shape how credit data is shared and used across Latvia’s financial system.

Creditinfo plans to increase investment in the local market and expand the bureau’s services. This includes data products for financial institutions, businesses and consumers, as well as broader activity in business information, fraud and identity services.

Latvia is part of a Baltic banking market where lenders face pressure to strengthen risk controls while extending access to finance. Credit bureaus have become more important as regulators, banks and fintech companies place greater emphasis on data quality, identity checks and credit transparency.

Against that backdrop, full ownership gives Creditinfo more scope to align local operations with its regional strategy. The group said the move would support stronger data sharing, risk management and responsible lending practices in the market.

Satty Saha, Group Chief Executive Officer at Creditinfo, said the acquisition reflected a long-term commitment to the country.

“This acquisition reflects our long-term commitment to Latvia and our confidence in the market’s continued growth,” said Satty Saha, Group Chief Executive Officer, Creditinfo Group. “With experience across 30 regions worldwide and strong innovation capabilities, we are well-positioned to deliver greater value to Latvia’s financial services ecosystem and support better-informed decision-making for businesses and consumers alike.”

The transaction also marks a shift away from local banking shareholders. Elari Tammenurm, Regional Director for Continental Europe at Creditinfo, named Swedbank, SEB, Citadele and Luminor among the shareholders involved in the process.

“We would like to extend our sincere thanks to our fellow shareholders – Swedbank, SEB, Citadele, and Luminor – for their constructive collaboration throughout the process. We also greatly appreciate the support of our advisors at COBALT in Estonia and Latvia. We’re excited about the future and expanding access to finance in the region,” said Elari Tammenurm, Regional Director, Continental Europe, Creditinfo Group.

Established in 1997, Creditinfo operates in more than 30 regions through credit bureau and related data businesses. Its operations span credit information, business information and risk management services for lenders, public bodies and other institutions.

The Latvian deal fits a broader pattern of consolidation and expansion among data providers serving financial markets. Companies in the sector are seeking closer control of local assets as demand rises for credit data, fraud screening and identity verification, particularly in smaller European markets where banking systems are digitising quickly.

In Latvia, the ownership change may matter most in the day-to-day operation of the credit bureau. A single owner can move faster on investment decisions, product development and regional integration than a consortium structure, especially as services expand beyond traditional credit reporting.

Creditinfo said its planned development in Latvia would include enhanced analytics, digital services and consumer-focused products aimed at improving access to credit. It also plans to keep investing in technology, staff and partnerships in the country as it integrates the bureau more closely into its wider Baltic and European business.



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Ardmore Group files for administration after 52 years

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Ardmore Group’s businesses, including its construction and major projects arms, have filed a notice of intention to appoint administrators.

This has left nine active projects in London in limbo, including a £500m scheme with laboratories and housing in King’s Cross, known as Tribeca.

It had also been working on high-end hotels in Mayfair and Kensington, flats at Earl’s Court and Hackney Wick, and offices at Chancery Lane, The Telegraph reports.

What is the Ardmore Group?

The Ardmore Group was founded in Catford in 1974 by Irish brothers Cormac and Patrick Byrne.

It was well-known for its building projects in London, such as the Raffles hotel and The Ned.

Alongside that, it was a partner for major housebuilders such as Barratt Redrow, Berkeley and Crest Nicholson.

Ardmore’s LinkedIn page shares that the firm specialises in “large-scale complex projects through our direct delivery capability, technical and engineering expertise, and pro-active approach to managing risk.”

It adds: “We’ve designed and built some of the UK’s most significant projects, establishing an unrivalled reputation as one of the country’s leading residential and hotel builders.

“Our traditional, hands-on approach to construction puts us at the heart of the action.”

Why did the Ardmore Group file for administration?

Scrutiny of apartment blocks that were built before the Grenfell disaster uncovered fire safety deficiencies at multiple buildings that Ardmore had built decades earlier.

Last year, Ardmore’s construction arm was put into administration in an attempt to protect the wider business group from being hit by client claims.

Despite this, Crest Nicholson won a landmark High Court challenge against the group over remediation costs at its Admiralty Quarter development in Portsmouth.

It was awarded close to £15m, and this paved the way for other builders to pursue claims against Ardmore.

Discussing the outcome of this High Court challenge, Ardmore shared: “The administration follows the profound impact of the recent Building Liability Order (BLO) judgment relating to the Admiralty Quarter project, which completed in 2009.

“The judgment has affected client confidence, payment terms and certified values across a number of live projects, materially affecting the construction group’s ability to continue trading in the normal way.”

On Thursday (June 11), Ardmore Group applied for a company moratorium, which is designed to give it temporary protection from creditor action while rescue options are explored.

This is also intended to give the group time to continue preparing its appeal against the BLO judgment.

An Ardmore spokesperson added: “This is a deeply disappointing outcome for the construction group, its employees and its stakeholders.

“Our focus is now on preserving value in the wider Group, protecting the continuing businesses where possible, and pursuing the appeal against a judgment which we believe raises important questions for the wider industry.”

Other UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several retailers entering administration and others announcing widespread store closures.

Major high street retailers LK Bennett and Claire’s both closed all their stores in April, having previously fallen into administration.

Quiz also revealed that it will be closing its 37 remaining stores by the end of June, after falling into administration in February (for the second time in 12 months).

Other retailers have been forced to close stores this year, including:

  • River Island
  • Primark
  • Poundland
  • Revolution
  • BrewDog
  • Franco Manca

Iguanas Holdings Limited, which runs 47 Las Iguanas restaurants across the UK, and Poundstretcher are also in danger of collapsing into administration if restructuring plans aren’t agreed, having “fallen into financial difficulties”.

Four UK travel companies have closed in 2026:

  • Regen Central Ltd
  • Gold Crest Holidays
  • Asiara UK Ltd
  • Simply Florida Travel Ltd

Luxury UK holiday company Salamander Voyages also shut down recently after entering administration.

Meanwhile, three UK airlines have fallen into administration or liquidation:

  • Ascend Airways (liquidation)
  • EcoJet Airlines (liquidation)
  • Zenith Aviation Limited (administration)

UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.

It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Plus-size clothing brand Evans has also returned to the UK high street in 2026 after closing all its stores and concessions in December 2020.

Have you noticed an increased number of businesses closing or going into administration in your area this year? Let us know in the comments.





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O2 joins Cellnex to boost Brighton Main Line coverage

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SOFIAH NICHOLE SALIVIO

News Editor

O2 has signed an agreement with Cellnex to join the Brighton Main Line connectivity project. The route serves more than 300,000 passengers on weekdays.

The deal gives O2 access to Cellnex infrastructure along the rail corridor between London, Gatwick Airport and the South Coast. It will support a phased rollout of mobile coverage, including 5G, across the full route in the coming months.

The Brighton Main Line is one of the UK’s busiest commuter railways, serving London Victoria, London Bridge and Clapham Junction. It carries 1,700 train movements a day and links services operated by Thameslink, Southern, Gatwick Express, Great Western Railway and London Overground.

Cellnex has been building the network under a 25-year contract awarded by Network Rail in 2021. The project uses a neutral host model, allowing mobile operators to use shared infrastructure rather than build separate systems along the line.

The shared network is intended to address long-standing gaps in mobile coverage on a route shaped by tunnels, deep cuttings and older station infrastructure. Once fully activated, the system is expected to provide high-speed connectivity across 99% of the 108km corridor.

O2 is the latest operator to join the programme after Three UK signed up in 2023. The addition of a second operator suggests Cellnex is gaining support for its model as rail passengers and regulators place greater scrutiny on mobile coverage and network resilience.

Station upgrades

Part of the work has focused on the main London stations served by the route. Indoor mobile systems are being installed at London Victoria, London Bridge and Clapham Junction, which together account for about 19% of rail passenger traffic to and from the capital from outside London.

The build includes 130km of fibre, four base station hotels to house operator equipment, 39 distributed antenna systems in tunnels and trackside areas, a dedicated station distributed antenna system at the three main stations, and 16 macro sites along the route. The three-year programme has so far required more than 129,000 working hours and more than 11,000 worker entries on the lineside and at stations.

For O2 passengers, the agreement means coverage improvements will be introduced in stages as parts of the system go live. The aim is to improve reliability for customers travelling between the coast and the capital.

Steve Cray outlined the case for the project.

Steve Cray, Managing Director, Cellnex UK, said: “Regular railway passengers will understand the frustration of losing signal mid-conversation or spending whole journeys with buffering videos. With O2 now on board, many more passengers are going to notice the difference on one of the UK’s most important commuter routes. This collaboration stands as one of the most significant end-to-end telecommunications infrastructure deployments on the British railway so far, and we are proud to be setting a new standard for the UK’s entire rail network.”

Operator demand

As a neutral host provider, Cellnex designs, plans and builds infrastructure that multiple mobile network operators can connect to. The approach can cut duplicate investment and reduce the amount of equipment needed across the railway estate.

For O2, the Brighton Main Line forms part of a broader effort to improve coverage where people travel and work. Rail corridors remain difficult mobile environments because of moving trains, variable terrain, and the engineering limits of older tunnels and stations.

Professor Robert Joyce, Director of Mobile Access Engineering, O2, said: “Our £700m Mobile Transformation Plan is focused on delivering reliable connectivity in the moments that matter most, and railway lines are a key part of that. By working with Cellnex to improve connectivity along the Brighton Main Line, we’ll be bringing improved coverage and capacity to customers travelling from the coast to the capital over the coming months.”

Network Rail, which is partnering with Cellnex on the scheme, said the line has been one of the most technically difficult parts of the railway for mobile coverage. The infrastructure has had to be installed while the route remained operational.

Paul Richmond, Head of Business Development, Network Rail, said: “Passengers on the Brighton Main Line deserve connectivity that matches the importance of this route, and our long-term partnership with Cellnex is transforming what has historically been one of the most technically demanding corridors for mobile coverage into a showcase for modern railway connectivity. A huge amount of collaboration has gone into this project over the last few years to support the infrastructure on a railway that is constantly operational. With O2 now on board, even more passengers will soon experience the benefits of this investment every time they travel.”



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Grove and Wantage fun day boosts cash for community groups

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Money raised from the event will go towards helping local people in the OX12 area (Image: Ed Nix)

The free summer extravaganza, held on Saturday, June 13, was jointly organised by Grove Rugby Football Club, the Ray Collins Trust and Grove Scouts, with more than 40 stalls raising money for charities and community causes in Wantage and Grove.

Bands, soloists and choirs performed from midday (Image: Ed Nix)

From midday, bands, choirs and soloists performed as children tucked into a free picnic and parents enjoyed hot barbecue food served by Scouts.

READ MORE: Award-winning RHS Chelsea Flower Show designer from Oxfordshire gets MBE

A giant funfair offered classic attractions such as hook-a-duck, alongside bird of prey displays.

There was lots of dancing and singing at the fun day (Image: Ed Nix)

American Dance School led line dancing and showcases, with further demonstrations in rugby and martial arts.

Live music played from 12pm to 11pm (Image: Ed Nix)

Dog owners could also enter their pets into a show run by National Animal Welfare Trust Berkshire and sponsored by Larkmead Vets.





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