Print buying

Administrators at Deloitte have laid off a further 70 employees at the stricken Paperlinx UK operations.

Paperlinx is exiting Europe altogether. Its Benelux operations have been put into administration with the rest of its European operations described as being in a sale or “realisations process”.

Polestar has changed its capital structure in a move that will allow the group to pay its first dividend since its inception in 1998.

One paper manufacturer has already set aside a multimillion-pound provision to cover its likely bad debt with Paperlinx UK.

A restructure of CPI Group’s UK operations has resulted in the departure of two senior executives and two high-profile returnees to the book printer’s revamped management team.

Major merchants and mills are enacting contingency plans as they attempt to minimise disruption after yesterday’s abrupt shutdown of most of Paperlinx UK – although one senior paper executive has...

Outsourcing giant Capita is planning to expand its Document & Information Services business through further acquisitions, while its new Mansfield site has achieved a major milestone.

Paperlinx remains in talks with one of its European banks, and its shares have now been suspended until after Easter.

St Ives has made its first major overseas acquisition in marketing services with a £50m deal to acquire US-based Solstice Consulting.

Infigo Software has launched Catfish Hybrid Mail, a secure service that the company said enables businesses to easily standardise documents across print and email.

Grafenia is confident of hitting targets for its new initiatives, cross-media design service Nettl and trade division MarqetSpace, but has warned on profits for the full year, according to an update...

Timsons has left an estimated shortfall of almost £4m, with trade creditors and employees owed £1.7m of the total sum.