Finance

SVB's UK business has been sold to HSBC for £1

Silicon Valley Bank situation rapidly resolved

Moonpig has moved to reassure investors and the City that its connection to Silicon Valley Bank will not cause the group any problems.

RRD sold its Canadian operations to focus on its core business

RRD sells Canadian operations to DCM

Chicago-based global print and packaging company RR Donnelley has announced the sale of its Canadian operations to Data Communications Management (DCM), a document management and commercial print...

The number of companies in financial distress has surged

Alarm bells sound for UK business, but end to crisis in sight

The UK has seen a surge in the number of businesses counted as in critical or significant financial distress, as energy bills, Covid loan repayments, and inflation bite.

De La Rue specialises in currency and security print

De La Rue shares drop after Kenya and India announcement

Shares in currency printer De La Rue have fallen by over 5% today (20 January) after it released a statement announcing a suspension of banknote printing in Kenya and its implication in an...

Harris: "Our clients realise doing the right thing is more than a compliance cost"

CarbonQuota receives institutional investment

Funds associated with private equity investment firm Codex Capital Partners have signed a binding agreement to invest in carbon advisory specialist CarbonQuota.

Nelson: Cifas membership will help Compass minimise risk of being defrauded

Compass Business Finance joins fraud prevention scheme

Compass Business Finance has joined Cifas, one of the UK’s largest fraud prevention services.

Mail mess top and tails an eventful December

While the ongoing impact of the Royal Mail strikes is the bread in the December’s listicle sandwich, the filling in last month’s ranking of our most read stories also featured M&A deals, the decline...

The planned divestment includes a 70,000 hectare Eucalyptus forestry operation

Stora Enso seeks buyer for Chinese board production site

Stora Enso has announced its intention to sell its consumer board production site in Beihai, China.

Charles Jarrold: Sector headcount is down but industry is around the same size

Number of specialised print workers plummets

The number of skilled tradespeople working in print plummeted by 73% between 2006 and 2021, with the impact of the pandemic yet to be fully revealed.

Real salaries in the UK have decreased 5.6% in 2022

Average pay plummets as inflation bites

Real median weekly pay for full-time employees fell by 2.6% in 2022 when adjusting for inflation, according to figures from the Office for National Statistics (ONS).