French AA gaming developer and accessory manufacturer Nacon has filed for insolvency after its majority shareholder Bigben failed to make a loan repayment, the company said in a press release. "To date, the company reports available assets do not allow it to meet its liabilities," Nacon wrote. The objective with insolvency, it said, was to allow "continued operation, protect employees and maintain jobs while renegotiating with its creditors."
From April it will become a contractual requirement to monitor this and achieve it in 90% of cases.
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The company said a key driver of the price change was "the adjustment between forecasted and actual costs of delivering gas to customers in Northern Ireland".