BCR Latest News

Smaller firms still in grip of trade gloom

THE UK recovery suffered a setback today after a survey showed how small and medium-sized manufacturers were continuing to suffer…


Economy Ministry at work on more radical package for SMEs

The Economy Ministry is preparing to launch a new program of initiatives designed to support small and medium sized enterprises…


Polish factor seeks strategic investor

In November, the Eurofaktor factoring company will increase its capital to ZL30m, with new stock to be taken over by…


JMH Financial Services Group acquires Demica Plc

It has been announced that the JMH Financial Services Group has made a recommended offer to acquire Demica plc. This…


SME manufacturers facing “torrid times”

According to a new survey by the Confederation of British Industry (CBI), small and medium sized manufacturers have seen orders…


FDA statistics for quarter ended September 2002 show decrease in…

The FDA has released its third quarter statistics. The figures show that export factoring and invoice discounting services have decreased…


Accord Financial Corp. posts Q3 and nine-month results

Accord Financial Corp. (TSX - ACD), a leading North American provider of asset-based financial services to businesses, including lending, factoring,…


GE Capital Commercial Finance Records Increase in Turnover and Profit

GE Capital Commercial Finance Ltd has released its financial statement for the year ended 31 December 2001. The company reported…


Cattles Invoice Finance Results for 2001 show Increase in Profit

Cattles Plc. has released its annual report and financial statement for the year ended 31 December 2001. The Corporate Division…


ECGD of India unveils Maturity Export Factoring scheme

Declaration of the Vallarpadam and Puthuvypeen areas as special economic zones will reduce the cost of the proposed trans-shipment terminal…


Wells Fargo appoints new factoring vp for Alaska and Washington

Twenty-year banking veteran Kathleen Tye was recently named vice president and business development officer for factoring services for Wells Fargo…


Factors face increased competitive pressures and financing difficulties

Greater competition and financing problems herald significant changes for Chile's factoring industry, local financial daily El Diario reported. The reduction…


Currencies and Interest Rates: Dollar Falls as ECB and BoE…

The dollar was weak across the board yesterday after monetary policy makers in Europe failed to follow the US Federal…


Insurance Problems For SMEs Should Prompt Extra Vigilance From Factors

The Federation of Small Businesses, with a membership of 170,000, has expressed concern that a number of small businesses were…


State Agencies Plan ‘Soft’ Loans to SMEs

Three state lending agencies will combine their efforts to extend soft loans of at least 10 billion baht to people…


Archimedes Unveils a New Internet Based Factoring Application

Dynafactor became the latest addition to the factoring software market when Archimedes launched it today with an announcement from Kostas…


European Stocks Set to Rally Today: Weaker Before Fed Move

European shares were set to rally today after the Federal Reserve delivered a surprise half-point cut in U.S. interest rates…


Fed Stuns Markets With 50-point Rate Cut

The US Federal Reserve showed its determination to head off renewed threats of economic weakness by cutting interest rates aggressively…


John J. Tobin joins TORYS LLP

John J.Tobin has joined the firm as a partner in the Toronto Tax Department and as a member of the…


UPS Exploits Delivery System to Make Loans Against Inventory and…

Just over a year after buying a bank, United Parcel Service Capital Corp. is carving a niche for itself by…


Insolvencies in Third Quarter 2002

Statistics showing insolvencies in the third quarter 2002 were published 1 November by the Department of Trade and Industry. COMPANY…


Market sentiment signalling Fed rate cut this week

This week is expected to see the resumption of interest rate cuts by the US Federal Reserve following an 11…


Drugs Money and Death Threats: Bibby’s Neil McGivern Recounts his…

Current UK money laundering regulations require financial institutions to apply adequate due diligence when assessing clients. If money laundering is…


Davenham Trade Finance Limited Release Annual Report

Davenham Trade Finance Ltd., the factoring and invoice discounting arm of the Manchester-based Davenham Group plc. has released its annual…


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