News

February favours long overdue good news

February may be the shortest month, but as our rundown illustrates there was no shortage of big stories and top of the pile by a country mile was some welcome news.

Reach reports on tumultuous year

Media group Reach has made a near-£50m write-down in connection to the closure of two of its print sites, which also involved almost £17m in costs.

Atkinson: "GWP is a company that we have admired for quite a long time"

Macfarlane acquires protective packaging specialist GWP

Packaging giant Macfarlane Group has acquired GWP Holdings Ltd, the owner of protective packaging manufacturing and distribution business GWP Group.

Insolvency Service: banned director's behaviour was totally unacceptable

Point-of-sale boss banned

The boss of a signage and display printer has received a lengthy ban of 10 years after a six-figure false invoicing scandal.

K&B: focus is on packaging and a portfolio strategy in attractive markets

Koenig & Bauer sales beat expectations

Koenig & Bauer expects sales for 2020 to be above prior estimates at €1bn-plus, thanks to accounting changes that have altered the group’s revenue recognition policy.

Lores: "HP had an exceptional start to the year"

Revenue and profits up for HP in Q1

HP Inc has reported a positive set of results for Q1, with both its printing and total revenue and profits up year-on-year.

Jardine: "There is hope beyond the first quarter of this year"

Industry confidence eroded in Q4 with further declines expected

The recovery in the UK printing and printed packaging industry suffered a setback in Q4 and a decline on the volume of orders and output is expected for Q1.

Ortviken had been one of the world’s largest publication paper mills

End of the line for SCA publication paper

SCA will make its last reel of publication paper today as the group shuts down the last remaining paper machine at its Ortviken mill.

Macfarlane's pre-tax profit was £13m in 2020, up 9.6% on 2019

Macfarlane reports ‘resilient’ results ahead of expectations

Macfarlane Group achieved both sales and pre-tax profit growth in 2020, with its results ahead of its previous expectations, despite the challenging market conditions due to the impact of the...

Fisher: "The obvious progression for the company"

Print-Leeds launches new division with £1m investment

Print-Leeds has branched into self-adhesive label production after investing just over £1m in a new press, finishing kit and MIS and creating a new specialist division.

Buckingham: "We are already seeing the projected benefits"

Paragon CC invests £6m-plus in finishing

Paragon Customer Communications has revamped its mailing operations after investing more than £6m on new kit and upgrades to existing machinery as part of a futureproofing strategy.

The Speedmaster XL 75 in situ at Richline

Richline upgrades with XL 75

London printer Richline has revamped its print setup with a highly-specified B2 Speedmaster sourced through Exel Printing Machinery.

The AccurioLabel 230 runs full-colour print at up to 23.4m/min

Labels UK responds to digital growth with Konica Minolta buy

Labels UK has experienced improvements in productivity, flexibility and stability after expanding its growing digital operation with a new Konica Minolta AccurioLabel 230 press.

Croisdale: "I’m confident we are leaving Encore in the safest of hands"

Change at the top of Encore as MD and FD step down

The managing director and group finance director of The Encore Group are stepping down, with another longstanding director moving into the top role.

Johnson: plan includes review into potential use of Covid-19 status certification

Roadmap out of lockdown: industry reacts

Industry leaders have broadly welcomed the government’s new plan for a four-step roadmap out of lockdown in England.