Business
![CBILS was part of the government's pandemic business support measures](/media/5krl32ab/cbils-graphic-crop.jpg?width=525&height=525&bgcolor=White&v=1d9e73502c295d0)
Company financial distress levels rise
There was a 19% increase in the number of companies in critical financial distress in the first quarter of 2022, according to new research.
![The new logo came into effect on 2 May](/media/r3fkf1ad/new-brand-pr-image.jpg?width=525&height=525&bgcolor=White&v=1d9e734fbe33f30)
Spandex unifies group under single brand
Spandex has introduced a new logo to reflect the evolution of the business while also unifying its brand across all group companies in Europe and Australia.
![Atlas Packaging is an independent corrugated packaging provider](/media/ewmnydkk/smurfit-buy.jpeg?width=525&height=525&bgcolor=White&v=1d9e73500150200)
Smurfit Kappa acquires Atlas Packaging
Smurfit Kappa UK (SKUK) has acquired corrugated packaging provider Atlas Packaging.
![Andrew Ainsworth was found guilty of conspiring to produce counterfeit currency. Image: Kent Police](/media/ni2bw1gi/ainsworth.jpeg?width=525&height=525&bgcolor=White&v=1d9e734f8fbafa0)
Fourth member of £12m counterfeit currency group jailed
A fourth member of an organised crime group has been jailed for conspiring to supply more than £12m of counterfeit banknotes.
![The Big Debate will take place across both days of the show](/media/nhzhgcap/packaging-innovations-22.jpeg?width=525&height=525&bgcolor=White&v=1d9e734f2447a70)
Packaging Innovations unveils new features
Packaging Innovations and Empack 2022 will introduce two new interactive features at the event next month.
![Lecta's EBITDA increased by 183% in 2021](/media/ci0lumuy/nd_lectafy2021.jpeg?width=525&height=525&bgcolor=White&v=1d9e734f5534110)
Lecta reports on 2021
Lecta has reported big increases in revenue and EBITDA but a pre-tax loss from continuing operations in 2021.
![Mailing and signage tenders are among those currently live](/media/akvertnb/handshake.jpg?width=525&height=525&bgcolor=White&v=1d9e734f5fa2f70)
Big hybrid mail tender among new trio up for grabs
A hybrid mail tender worth close to £1m is currently open via the government’s Find a Tender service, with a couple of other large print related tenders also live.
![Royal Mail said it could not agree to a “no strings” deal](/media/4fegtifn/royal-mail-letters.jpg?width=525&height=525&bgcolor=White&v=1d9e734ef3ae3f0)
Postal workers could ballot for strike action
The Communication Workers Union (CWU) has said over 115,000 postal workers may ballot for strike action if Royal Mail management do not negotiate a “no strings” pay rise by next week.
![Roberts: “We have seen continued good momentum across our customer base"](/media/qculdbkn/miles-roberts.png?width=525&height=525&bgcolor=White&v=1d9e734effe33f0)
DS Smith reports continued second-half momentum
DS Smith is trading in line with management expectations during its second-half period.
![The Digicon Series 3 is a bespoke, modular device](/media/aq4nrpog/digicon3.jpg?width=525&height=525&bgcolor=White&v=1d9e734da47e240)
ProPrint Group strengthens offering with new Digicon
ProPrint Group has taken on a bespoke Digicon Series 3 automated finishing line from AB Graphic International to enable it to provide an additional range of label finishing options.