Finance

The Funding for Lending scheme (FLS) is unlikely to materially impact net lending to businesses until the middle of next year, according to the latest quarterly bulletin from the Bank of England.

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The Department for Business, Innovation and Skills (BIS) has awarded the first 55m under the Business Finance Partnership (BFP) to four successful bidders.

UK recycled packaging group DS Smith has posted a 62% increase in 2012 first half profits helping to offset significant decline in UK paper revenues.

This week's Autumn Statement has failed to 'wow' the print industry, despite the reduction in corporation tax, increase in capital allowances and scrapping of the 3p fuel duty hike.

KBA is to merge its Trennfeld plant into its main Wrzburg facility 16 miles away, a move it said would save several million euros a year but lead to "almost all" 220 staff being offered new roles.

Concerns have arisen over proposals, expected to be backed by the Chancellor in the Autumn Statment, that could see billions of pounds of ring-fenced skills funding devolved to a single pot.

Lending decreased by 1.1bn across the six banks that borrowed from the Bank of England (BoE) during the first two months of its Funding for Lending Scheme (FLS).

Kodak said its lenders were demonstrating increased confidence in the company's future after they boosted its $793m interim and exit finance facility by $37m and established "improved" terms for...

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Paper manufacturer James Cropper has recorded a double digit increase in its operating profit for the first half of 2012 despite falling sales in its speciality paper business.

Heidelberg has said it is "confident" it will meet its "clearly positive" EBIT target for 2012/13, despite recording an operating loss, excluding special items, of 57m in the first six months.