Business
![City A.M. is published Monday to Thursday. Image: City A.M.](/media/niultto5/screenshot-2023-07-27-at-13-14-05.png?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234f610410)
THG buys City A.M. in pre-pack deal
Listed e-commerce retail company THG has completed its pre-pack purchase of business and financial freesheet City A.M.
![Xerox's sales increased slightly in Q2](/media/ytae4zx2/xerox-logo-headquarters.jpg?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234f7130b0)
Xerox shares climb upon Q2 results
Xerox's share price rose by close to 10% earlier this week after it posted a marginal Q2 sales increase on last year and a big adjusted operating income jump, despite its pre-tax loss also climbing.
![Grafenia: “We have to cautiously reflect the risk of non payment"](/media/55ejjxo3/grafenia-building.png?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234f7e7720)
Grafenia takes hit due to PFI missed payment
Grafenia has written off more than £800,000 following PFI Group’s failure to meet the payment schedule for its Works Manchester acquisition.
![City A.M. sale could be via a pre-pack according to Sky News](/media/gmpgvnim/city-a-m-front-page-26-7-23.png?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234ec5d580)
Ecomms giant mooted as possible City A.M. suitor
City A.M.’s new owner could emerge from an unexpected direction, with listed health and beauty specialist THG tipped to take over the business and financial freesheet.
![Peter Clitheroe started at FDM late last month](/media/gyolesmr/pc-pic.jpg?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234ed40650)
FDM expands senior team again
Print and mailing company FDM has followed its appointment last month of a new managing director by taking on a new elections project manager.
![Managed Packaging serves global brands and retail chains. Image: Mimir Group](/media/vfdhumza/mgdpack.png?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234f0353b0)
Billerud divests Managed Packaging; reveals fungal infection impact
Paper and packaging group Billerud has agreed a divestment of its Managed Packaging business unit to investment company Mimir Group.
![The second Latex was installed three months ago](/media/ofldwpwy/hp-b_rd-2.jpg?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234e4ed0c0)
B_RD ups sustainability with double HP Latex install
Design and production agency B_RD has taken on two HP Latex printers to enhance the sustainable printing options it can offer to customers.
![Cepac produces corrugated packaging and serves a raft of major clients. Image: Cepac](/media/1dpbedfp/cepac-site.jpg?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234e80b630)
Darlington Cepac strikes escalated in pay dispute
Unionised workers at Cepac’s site in Darlington have escalated their pay strikes, with two weeks of all-out action now due to begin at the end of this month.
![Greener Mail promises instant environmental impact](/media/slid25au/flow-senior-leadership-team.jpg?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234dea1b80)
The Flow Group unveils new green mail brand
West Yorkshire mailing house and print marketing company The Flow Group has launched a new brand to help businesses who want to make their marketing environmentally friendly with instant impact.
![Fisherprint was established in 1947. Image: Google Maps](/media/rtxdsrnb/fisherprint.jpg?rxy=0.5,0.0&width=525&height=525&bgcolor=White&v=1d9e7234e3a8570)
Reports: Fisherprint in administration
Fisherprint has been placed into administration according to local news reports, with the printer’s website stating that orders are no longer being taken by the business.