Finance

Digital press manufacturer Xeikon has cited an improved product mix and strict cost management measures for strong profit growth in the six months to 30 June 2013.

Kodak is set to emerge from Chapter 11 on 3 September after the US Bankruptcy Court approved its reorganisation plan.

Heidelberg has cited sustained savings from its Focus 2012 restructuring programme for "significantly improved" operating results in Q1 of 2013/2014.

Directors of Eastbourne-based technical services supplier Veritek Global have led a management buyout of the business after securing a combined debt and equity funding package.

Sequana, the French paper group that owns Arjowiggins and Antalis, has reported a sales slump of 9% in the first half of 2013, citing a "sharp decline in demand for printing papers in Europe".

York Mailing has secured a major vote of confidence in print, becoming the first printing company to receive a multi-milllion pound investment via the Business Growth Fund (BGF).

Guardian News & Media (GNM) has posted pre-tax losses of 30.9m for the 12 months to 31 March 2013, reduced from 44.2m last year.

In the 12 months to 30 April, UK packaging group DS Smith achieved underlying pre-tax profits of 165m (2011: 111m), boosted by its acquisition of SCA Packaging.

Confidence among small businesses has risen to its highest level in three years but the government must give more impetus, says the Federation of Small Businesses (FSB).

Expected decline in print revenue was cited for a 4% year-on-year decline in revenue at print group St Ives, for the four months to 31 May.

Communisis is to transfer its Trafford Wharf cheque printing division to the company's Leeds facility, as part of an ongoing cost reduction strategy.

KBA will continue the consolidation of its web offset division while maintaining tighter focus on boosting its sheetfed activities, shareholders at the company's AGM have heard.