Finance

Bank of England 'heavily skews' FLS in favour of SME lending
The Bank of England and HM Treasury have announced an extension to the Funding for Lending scheme (FLS) that is "heavily skewed" to support net lending to SMEs.

Applications inivited for new innovation hub in Scotland
The applications process to become part of a pioneering innovation centre in Dundee that will support start-ups in the digital, technology and creative media sectors has opened.

Semper survey shows dramatic Q1 plunge in print profits
US printers had a sharp drop in first quarter profits despite a modest rise in sales revenues, the Semper International survey for Q1 2013 has found.

Chancellor expected to extend FLS
George Osborne is expected to announce an extension to the Funding for Lending Scheme (FLS), which is due to expire in January 2014.

Late payments subject of parliamentary inquiry
The Forum of Private Business (FPB) will be among a raft of business and industry representatives giving evidence at a cross party meeting next week examining the impact of late payment on SMEs.

First phase of Business Bank announced
The government has launched the first phase of its much anticipated Business Bank with a 300m investment programme for SMEs.

Presstek cuts 70 positions in global restructure
Less than six months after it was acquired by private equity firm American Industrial Partners (AIP), Presstek is going through a restructuring that includes a number of redundancies.

DMG Media hit by falling print revenues
Falling print revenues at the Daily Mail and General Trust (DMGT) have dragged the publisher's media division into negative growth, according to its latest trading update.

Osborne backs business but faltering growth needs action
While the coalition's efforts to tackle the tricky subject of welfare reform have been filling column inches ever since last month's Budget, the lack of significant debate on the more important task...

Funding for Lending scheme beginning to reach printers
Printers are beginning to benefit from the Funding for Lending scheme (FLS), the much-criticised government initiative to ease the flow of credit to cash-starved SMEs.