Finance

Drama as Telegraph sale process is paused
The sale process for the Telegraph Media Group and The Spectator magazine has been paused until next month, with the Barclay family racing to take back control of their former publishing assets.

Xerox enters agreement for $550m credit facility
Xerox has entered into a first lien term loan credit agreement for $550m (£439m), following its recent purchase of all of activist investor Carl Icahn's shares in the company.

Cloudprinter secures financing for further growth
Print platform Cloudprinter.com has received a new round of financing worth €2m (£1.73m).

UK insolvencies on track for highest rate since 2009
The UK is on track this year to see the highest number of insolvencies since 2009, according to PwC.

Government pledges action on late invoice payments
The government has pledged to tackle a culture of late payment in the UK as part of its Prompt Payment & Cash Flow Review, due for publication later in 2023.

Print worker numbers shrink 15% globally since 2018
The number of people employed by the print industry worldwide has shrunk by 14.8% since 2018, according to the latest figures from business intelligence service Smithers.

New finance deal at Lecta to propel transformation
Lecta is planning to refinance in a move that will enable the business to fund its transition plans towards specialty papers.

National World gathers allies for £600m Telegraph bid
Regional news publisher National World has stepped up its efforts to become the next owner of The Telegraph Media Group (TMG).

Compass appoints new head of credit amid significant growth
Compass Business Finance has made a new senior appointment in order to steer the company toward its future growth targets.

DSS puts R&D tax credits to use
Designs Signage Solutions (DSS) has put £100,000 in research and development tax relief to work in developing 3D scanning and augmented reality software for its livery services.