Troubled Wever & Ducre parent files for creditor protection

The parent company of architectural luminaire maker Wever & Ducre is petitioning the Belgian commercial court today for protection from its creditors.

Delighted 2B, which also includes the avant garde fittings maker Dark, wants a six-month period in which to turn the company around and avoid bankruptcy.

This afternoon it will seek what’s called a WCO order under Belgium’s Companies Continuity Act to allow it to keep trading until mid-December.

The group operates in some 60 countries but is believed to have run into difficulties in some markets, especially Spain and Italy. No-one at main shareholder KBC Private Equity was available for comment today.

Schools could save enough money to hire an extra teacher

Energy-saving measures – including lighting controls – could save enough money in an average secondary school to pay for an extra teacher, the Carbon Trust has calculated

Architainment night hikes for cancer

For the third year in a row Architainment will hike 20 miles across London through the night raising money for cancer support charity