Finance

UPDATE: HP confirms plan to hive off Personal Systems and Printing businesses into new company
HP has confirmed that it plans to separate into two publicly traded companies by the end of the next financial year (fiscal 2015).

Wyndeham owner 'confident' about prospects
Walstead Investments has released its first results since the loss of the IPC Media contract, and has revealed that it has secured new work from e-tailers to help mitigate the lost volume.

Ink price hike fears grow as manufacturers’ margins shrink
While there is generally a more buoyant mood in the industry at the moment, there is an increasingly insistent murmur that ink prices may be on the rise.

De La Rue share price slumps on profits warning
Banknote and security printer De La Rue has issued a profits warning citing falling margins in its core businesses and slow growth in new business areas, wiping close to 30% off its share price.

Web offset firms' 2013 accounts reveal ongoing challenges
Recently filed accounts from two major UK web printers point to ongoing tough trading conditions in the web offset sector, with both reporting falling sales and mounting losses.

TCT increases card production capacity by 50% with new investments
Card manufacturer and mailing operation Thames Card Technology (TCT) has invested in an Atlantic Zeiser Cardline Versa and a Kurz C7000 High-Speed Hologram and Foil Blocking System to meet the demand...

Macfarlane Group announces £7.5m Network Packaging acquisition
Macfarlane Group has completed the acquisition of Network Packaging for a maximum consideration of £7.5m and announced a £3m capital raise to support future acquisitions.

New figures highlight SME growth and lending issues
The growth plans of SMEs are being affected by a decrease in net lending to them and distrust of the banking sector, according to new data.

Andesign secures government grant of over £120,000 to help grow business
Wide-format printer Andesign plans to recruit new staff, move to bigger premises and invest in new machinery after securing a government grant of over £120,000.

Polestar targets new contracts with Canon Océ digital spend
Polestar Applied Solutions has invested in an Océ ColorStream 3500 and four Canon Océ VarioStream 8650 continuous feed printers to boost capacity both for white paper solution printing and pre-printed...