Finance

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.

Printers who may have been mis-sold interest rate swaps could find it easier to claim compensation after RBS was forced to settle a landmark case.

The Daily Mail & General Trust reported a 3% revenue increase in its third quarter interim results to 1 July.

Wet weather and the extra bank holiday in June have been blamed for a 0.7% fall in gross domestic product (GDP) for the second quarter of 2012.

Printing.com chairman George Hardie announced at the firm's AGM that softer trading across its established channels reflected economic uncertainty.

Print and packaging firms saw their invoices paid more than two days earlier in quarter two compared to the same period last year, according to new data.