1 Shareholders green light Royal Mail takeover 4,624 clicks
The takeover deal for Royal Mail parent International Distribution Services has been declared unconditional, with more than 80% of shareholders accepting the offer and the postal operator set to become the latest historic UK company to become foreign-owned.
2 International Paper to close five UK packaging sites 3,598 clicks
Following its acquisition of DS Smith earlier this year, International Paper has confirmed a proposal to close five of its Packaging sites in the UK.
3 Pre-pack publisher Unbound leaves £2.4m hole in creditors 3,349 clicks
Crowd-funded publisher Unbound, sold in a March pre-pack administration deal to a new company set up by its director and CEO, left an estimated total deficiency for unsecured creditors of £2.4m according to the latest report from its administrators.
4 Walstead 64pp damaged in fire 3,308 clicks
Walstead Bicester’s 64pp short-grain web press is out of action following a fire earlier this week.
5 Yodel acquisition by InPost paused 2,272 clicks
The £106m acquisition of Yodel Delivery Network by InPost Group has been paused following an injunction application to the High Court by UK-based logistics platform Shift and associated entity Corja Holdings.
6 Reflections to be liquidated 2,266 clicks
The hiatus at Reflections Print Finishers appears to be reaching a conclusion, with directors Luke and Paul Hastings taking steps to put the business into creditors’ voluntary liquidation.
7 Tributes paid to Lascelle Barrow 2,239 clicks
Lascelle Barrow – a genuine industry legend – has died aged 79, after spending more than 60 years in print.
8 Royal Mail takeover timetable resumes 2,009 clicks
The takeover deal for Royal Mail parent International Distribution Services is expected to complete at the end of this month – although a majority of shareholders are yet to accept the offer.
9 Peterborough printco sold in pre-pack 1,958 clicks
Premier Communications (Peterborough) has been sold in a pre-pack sale to a new company after hitting the buffers last month.
10 Cimpress agrees biggest investment yet with HP 1,726 clicks
Cimpress has confirmed a mega-spend on HP technology that could involve as many as 20 B2 digital presses.
