Business

The UK has seen a surge in the number of businesses counted as in critical or significant financial distress, as energy bills, Covid loan repayments, and inflation bite.

Florian Baumgartner has been appointed as the CEO of Cimpress’ Vista arm, assuming the position from Robert Keane, who will retain his roles as chairman of the board and CEO at Cimpress.

Stora Enso has found a buyer for its Hylte facility but has decided to retain Anjala mill in Finland.

Xerox has reduced its losses for the full-year on flat sales, but is expecting an improved performance this year.

Dutch papermaker Crown Van Gelder has gone bankrupt after running out of cash.

Royal Mail parent International Distributions Services has put a £200m price tag on the cost of last year’s strike action, and said that asset sales will be required to support cashflow at the postal...

Screaming Colour’s box making division has been sold to Pureprint, but no buyer has emerged for its main Bermondsey site.

Grafenia has issued more bonds – its second tranche within the space of two months.

Embattled Royal Mail boss Simon Thompson has been recalled to the BEIS committee of MPs over the apparently inaccurate information he gave last week – just as CWU members are re-balloting on further...

Digital front-end technology provider Fiery has become an independent business after separating from EFI, while remaining owned by EFI’s owner Siris Capital Group, and EFI has also appointed a new...