Finance

Sappi unveils second price hike of 2013
Sappi is to increase prices for the second time in three months with a five to seven per cent increase to be implemented across its coated fine paper grades from April.

UPM sells Stracel to shrink unprofitable paper business
UPM has agreed the sale of its Stracel mill as the group announced it had made a EUR 1.6bn (1.4bn) operating loss in Q4 2012.

Government puts 240m skills funding up for grabs
Applications for round two of the government's vocational training-focused Employment Ownership Pilot (EOP) have opened for bidding.

<i>Sun on Sunday</i> offsets <i>News of The World</i> legal bill
Investigations into the phone hacking scandals at <i>News of The World</i> continue to impose significant costs for parent company News Corporation, according to its second quarter results.

Print Yorkshire to hold second Media Marketplace exhibition
The BPIF regional arm is to hold a one-day event in Leeds to promote digital and creative industries across Yorkshire.

FSA finds 90% of interest rate swaps were mis-sold
More than 90% of the 40,000 SMEs caught up in the interest rate swap scandal were likely mis-sold the complex hedging products, the Financial Services Authority (FSA) has found.

QE may have hampered companies' investment
Quantitative Easing (QE) has had the unwanted side-effect of hampering companies' investment plans, according to the National Association of Pension Funds (NAPF).

Directors of collapsed print group disqualified for 16 years
Two former print bosses have been disqualified for a total of 16 years for offences including false invoicing.

FSA to publish interest rate swap redress scheme details
The Financial Services Authority (FSA) will publish the results of a pilot scheme to provide redress to small business owners who were mis-sold interest rate swaps on Thursday (31 January).

Unite and CPI agree basic wage increase
Paper sector workers will benefit from a 2.6% increase in their basic hourly wage following a review of Unite and the Confederation of Paper Industries' (CPI) national agreement.