Finance

Trade and commercial printer RCS has entered into a Company Voluntary Arrangement (CVA), securing around 70 jobs, after its creditors approved the proposal in a meeting last Wednesday (6 August).

DS Smith has doubled its pre-tax profits to £167m and reported a 10% rise in sales to £4bn in its full 2013/14 results.

Landa Digital Printing has received a €100m (£80m) investment from specialty chemicals company Altana, which will be used to complete the commercialisation of the firm’s nanographic presses.

Visual Print & Design has brought digital print in-house as part of plans to double in size over the next year.

The government is to provide an extra £250m to the British Business Bank to lend to small businesses, on top of the £1bn already allocated.

Chesapeake Services is to merge with Multi Packaging Solutions (MPS) creating a $1.4bn (£864m) global print-based speciality packaging giant.

Goss International has confirmed it is to cut its Lancashire-based UK workforce by 50% as part of its ongoing global restructure.

Following its profit warning issued at the beginning of the month, the German press manufacturer has posted a pre tax loss of €16.3m for the first nine months of 2013 on revenues of €729.9m.

Roland DG UK has launched an equipment rental programme that will allow SMEs, start-ups and other businesses to move into wide-format printing by renting a device for a one, two or three year period.

Close Brothers has reported a 21% rise in pre-tax profits to 163.1m in its preliminary results for the year to 31 July 2013 on the back of increased lending to SMEs.

Deficits, cuts and public spending have been the defining topic of political discourse in post-crunch Britain, which means the subject of taxation is never far behind.

Former Cromwell Press director Andrew Hemmings was fined 1,000 at Swindon Crown Court last week (19 September) after admitting fraud.