Finance

Yell to raise 500m in debt restructure

Yellow Pages publisher Yell is to raise 500m through a rights issue as it attempts to renegotiate a portion of its 4bn debt mountain.

CBI forecasts return to growth in 2010

The UK economy will experience "modest growth" in the second half of 2009, the CBI has forecast, revising its more pessimistic predictions set in June.

ViP event aims to save 'average' printer 460k

Vision in Print (ViP) is to hold two more 'Cash and Cost Reduction' seminars next month, following the success of the first events earlier this year.

Johnston Press ends going concern uncertainty with debt refinance

Newspaper publisher Johnston Press has successfully renegotiated its finance facilities just days before it was due to have its covenants tested.

GDP contraction stalls but economists warn of long recovery

UK GDP contracted by less than expected in the second quarter of the year building on hopes that the worst may be over for the UK economy.

Rates rise 'will bankrupt tens of thousands of businesses'

Tens of thousands of small firms could go out of business following tax increases, the Conservative Party has warned.

Purbrooks secures strategic investment loan from RBS

Century-old printer Purbrooks has secured a loan for strategic investment from the Royal Bank of Scotland (RBS) as the company looks to take advantage of the current climate.

Anger as RBS shrinks loan book to small businesses

Tax-payer owned Royal Bank of Scotland (RBS) has attracted criticism for reducing its lending to small businesses, despite undertakings given to the government when it was part-nationalised.

News Corp to charge for access to web content within 12 months

News Corp is set to start charging for access to content on all of its websites in a move that chief executive Rupert Murdoch said "will be followed by other media" if successful.

RR Donnelley bullish despite Q2 83% profit drop

US print giant RR Donnelley has reported a slump in second-quarter profits as it "continues to be impacted by the global economic recession".