Legal

Asset finance firm 'offered inducements' for intros to failing firms

One of the UK's largest independent asset finance providers has been accused of offering incentives for introductions to struggling firms so that it could profit from their collapse.

Textile printer fined over injured employee

Abaris Holdings has been fined 10,000 by Lancaster Magistrate's Court and forced to pay costs of 3,940 after an employee injured his arm at its Lancaster factory.

UPM accuses Metsa of breaching shareholding agreement

UPM is taking legal action against fellow paper manufacturer Metsaliitto Cooporative and its subsidiary Metsa Board, in relation to the jointly-owned Metsa Fibre.

Trinity Mirror reveals positive outlook in the face of hacking allegations

The publisher's interim results reveal a 12% drop in advertising revenue to 94m in the 17 weeks to 28 October 2012 but it said that its end of year operating profits would be in line with the 104.5m...

Alderson creditors owed over 5m following collapse

Unsecured creditors of the five operating companies of Alderson Print Group (APG) were owed a combined 5.1m at the time of their administration, according to the creditors report.

Funding for Lending could boost business loans by 66bn

A Bank of England scheme to boost bank lending to businesses and households could provide up to 66bn in funding based on current uptake.

Mark Andy owner AIP completes Presstek acquisition

American Industrial Partners (AIP), the private equity owner of narrow and mid-web flexo press maker Mark Andy, has completed its $26m (16.2m) purchase of direct imaging press builder Presstek.

UK SMEs rocked as ING Lease drops asset finance

The last major mid-market funder to the print industry, ING Lease, has announced its decision to pull out of UK asset finance from 30 November.

Spanish envelope cartel fined EUR 3.7m for price fixing

Six Spanish envelope exporters have been fined a total of 3.7m for collaborating to fix prices.

Trinity Mirror share price plunges as hacking claims surface

Trinity Mirror's share price dropped by 10% overnight as hacking claims were lodged at the High Court on Monday (22 October).

'Rights-for-shares' scheme divides print opinion

Government plans to allow workers to trade employment rights for tax-free shares under new "employee-owner" contracts from April 2013 have split opinion in the print industry.

Kodak asks for Chapter 11 extension as it ditches desktop printers

Eastman Kodak has asked for more time to file its Chapter 11 bankruptcy reorganisation plan as it announced the decision to wind down consumer inkjet printer sales from 2013.