Is it possible to create custom colours for fonts? I need to match a business colour scheme.
Is there something more you need to do than changing the font color?
http://help.libreoffice.org/Common/Changing_the_Color_of_Text
You can also make a template:
To create your own color go to menue Tools > Options. Under LibreOffice you will find Colours, click on it and create, add a new color to the selection table.
Have Fun:)