Finance
Roto Smeets to cut 100 more jobs as print reaches 'new nadir'
Pan-European print group Roto Smeets is to cut an additional 100 jobs as it continues to experience over-capacity and pressure on margins, claiming that the market has reached a "new nadir".
Government 'getting tougher' on tax deferrals, ICSM warns
The government is becoming tougher in its "Time to Pay" arrangements designed to give companies experiencing difficulties a tax break, ICSM has warned.
Heidelberg says decline in sales has 'bottomed out'
Press manufacturer Heidelberg has said that the decline in orders has "bottomed out" in the second quarter of its financial year as it forecast a loss of between 110m euro (99m) and 150m euro for the...
More economic pain to come, experts warn
Printers are currently trading in the longest recession since records began more than 50 years ago as industry commentators warn that there could be more pain to come.
Government money to support small businesses should be used more effectively, says FPB
Money set aside for the government's Trade Credit Insurance (TCI) top-up programme should be channelled into schemes more effective for small businesses, the Forum of Private Business (FPB) has said.
UK still in recession following shock GDP decline
The UK economy is experiencing the longest period of recession since records began more than 50 years ago following a shock 0.4% contraction in GDP in the third quarter of the year.
Nipson UK parent continues debt negotiations to avert CVA
Digital press manufacturer Nispon Digital Printing Systems (NDPS) has said that it will have to consider a Company Voluntary Agreement (CVA) if it cannot negotiate a long-term solution to its...
Cost of finance to fall as interest rates predicted to stay low
Interest rates could stay at 0.5% until 2011 and not reach 2% until 2014, an influential think tank has forecast.
Simpson Group signs 3m invoice discounting deal
Point-of-purchase retailer Simpson Group has secured a 3m invoice discounting facility that it said will help the company capitalise on the anticipated growth in the sector
Talks continue with Nipson creditors over repayment demand
Embattled digital print manufacturer Nipson Digital Printing Systems (NDPS) is locked in negotiations with lenders over the repayment of a 2m euro (1.9m) as it attempts to avert possible insolvency.