Finance

HP boss outlines hardware exodus in Q3 numbers
HP announced third-quarter revenues down 2% as chief executive Lo Apotheker announced a major shift to software and services that could result in its PC division being spun off.

BBC Worldwide sells magazine division to Exponent
The BBC has sold its consumer magazines division via a licensing and sales agreement to private equity firm Exponent.

CFH eyes acquisitions after switching to Clydesdale for finance
Mailing specialist CFH is on the acquisition trail after switching its finance arrangement to Clydesdale Bank.
FSB: more competition in banking sector would give small firms 'fairer deal'
The Federation of Small Businesses has called for the government to boost competition within the banking sector rather than impose lending targets.
Project Merlin SME loans jump 22% to more than 20bn in Q2
Banks under the government's Project Merlin have stepped up lending after a slow start boosting loans to SMEs by 22% to 20.5bn in the second quarter.

Credit climate for printers improving, remains under threat
The credit climate for the US printing industry has been slowly improving in recent years, but remains challenging and could take another plunge downward due to the current US economic turmoil...
Quad/Graphics reports earnings decline
Quad/Graphics reported flat revenues compared to the same period in 2010 at US$1.07bn, with EBITDA down about 15% to US$126.7m for Q2 2011. However, the company's net loss improved to US10.2m compared...

More support for SMEs needed, says Proskills, as UK economy flags
The UK growth forecast for 2011 has been downgraded from 1.8% to 1.5% as the Bank of England warned that economic headwinds were growing "stronger by the day".
RR Donnelley shares slide on disappointing Q2 figures
RR Donnelley posted disappointing second-quarter results with net profits down year-on-year more than 80% despite an upswing in sales.
Consolidated Graphics reports profit drop
Despite a revenue rise, Consolidated Graphics (CGX) saw its stock plunge nearly 20% after it reported a decline in first quarter earnings that the company attributed to changes to its pension costs as...