Finance

Intoprint UK is the latest North East printer to attract funding from a turnaround fund that invests in SMEs to boost their profit and capacity.

The multi-billion dollar costs of the investigation into the closure of the <i>News of the World</i> (NOTW) last July have restricted financial growth at News Corporation.

Guardian Media Group's (GMG) accounts for the year ending 1 April 2012 reveal pre-tax losses of 75.6m, a stark contrast to the pre-tax profit of 9m recorded a year earlier.

New non-executive director Andrew Price said he had 'enthusiastically accepted' the invitation to the Paperlinx board following completion of the company's strategic review.

The Government's flagship National Loan Guarantee Scheme has been sidelined in favour of the new 80bn Funding for Lending (FFL) initiative, just five months after it launched.

The new bank, officially launched in October 2011 to provide funding to SMEs, has hit break-even point, it has announced.

Shire Leasing has launched a new finance scheme specifically to help printers finance investment in software and other "intangible" assets such as training and consultancy.

Banks are refusing to call a halt to costly monthly payments arising from interest rate swaps even where they know the product was mis-sold, a leading commercial law firm has claimed.

Online demand for FT Group has exceeded print for the first time while nearly a fifth of Penguin's revenues are represented by e-book sales according to Pearson's 2012 interim report.